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Today's Deals: Phone.com, Software.com in Wireless Blockbuster

iDial Networks + Whoofnet.com, LifeMinders + smartRay Network, MVP.com + PlanetOutdoors.com, Software.com + Phone.com

 Software.com (SWCM) merges with Phone.com (PHCM)


   *  Amount:         $6.8 billion


   *  Terms:            1.61 PHCM share for each SWCM share

   *  Premium:        n/a


   *  Industry:        Speed/Bandwidth


   *  Scorecard:      A-


    REDWOOD CITY, Aug. 9--Phone.com , a provider of wireless Internet infrastructure and application software, and Software.com , a provider of Internet infrastructure software for wireline and wireless service providers, announced they will merge to create a global powerhouse that will provide a broad range of carrier-class software to wireless and wireline carriers, portals and Internet service providers. Under the terms of the definitive merger agreement, shareholders of Phone.com and Software.com will each own approximately 50% of the combined company, whereby each Software.com shareholder will be entitled to receive 1.6105 Phone.com shares for each of their shares of Software.com.



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