RealTime IT News

Today's Deals: GoAmerica Snatches up Hotpaper.com

Aether Systems + Cerulean Technology, Breakaway Solutions + norSEC, Broadcom + NewPort Communications, Datalink.net + Simkin, Gilat Communications + Aris, GoAmerica + Hotpaper.com, Lastminute.com + Degriftour Group, Red Hat + C2Net, SilverStream Software + Excelnet Systems Limited

 Lastminute.com acquires Degriftour Group


   *  Amount:         $88.6 million


   *  Terms:            19.7 million shares/$40.6 million cash

   *  Premium:        n/a


   *  Industry:        E-tailers


   *  Scorecard:      B


    LONDON, Aug 14--UK-based online retailer Lastminute.com plc said it was buying French rival Degriftour Group for $88.6 million in cash and shares, saving itself years of growing pains in a key market. Degriftour is France's largest e-travel company with a 50% market share. Lastminute.com will issue 19.7 million new shares and pay 27.1 million pounds in cash, or $40.6 million USD.