RealTime IT News

Today's Deals: Germany's T-Online Buys Ya.com

Great Universal Stores + Jungle.com, iEngineer.com + Vuent, T-Online International + Ya.com Internet Factory

 Great Universal Stores to acquire Jungle.com


   *  Amount:         $73 million


   *  Terms:            100% cash

   *  Premium:        n/a


   *  Industry:        E-tailers


   *  Scorecard:      B


    LONDON, Sept 1--Britain's biggest home shopping group Great Universal Stores Plc said it had agreed to buy Internet retailer Jungle.com for US $56 million in cash, including the repayment of around US $17 million in debt. Privately-held Jungle.com, which had intended to float before valuations of Internet retail stocks plunged, sells computers, music and games online. With the acquisition, GUS will be able to offer its customers a wide range of computer and office products via the most convenient channel, be it ordering via store, catalogue or Internet.



 T-Online International AG to acquire Ya.com Internet Factory


   *  Amount:       &nb