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)