RealTime IT News

Today's Deals: CollegeClub Goes Back to School

Intershop + Subotnic GmbH, PayMyBills.com + Paytrust, Student Advantage + CollegeClub.com, Teletech + Newgen Results

 Student Advantage (STAD) acquires CollegeClub.com


   *  Amount:         $18 million


   *  Terms:            1.5 million shares/$7 million cash

   *  Premium:        n/a


   *  Industry:        Content/Communities


   *  Scorecard:      B-


    BOSTON, Aug. 22--Student Advantage , an offline and online portal to the higher education community, and CollegeClub.com, an online integrated communications and media Internet company for college students, have signed a definitive agreement through which Student Advantage will acquire substantially all of the assets of CollegeClub.com. The purchase price consists of $7 million in cash and 1.5 million shares of Student Advantage common stock,, with an additional cash payment of up to $5 million to CollegeClub.com if certain Web site revenue performance goals are met during 2001.



 Teletech (TTEC) to acquire Newgen Results (NWGN)


We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.