RealTime IT News

Today's Deals: Microsoft Makes Mongo Music

724 Solutions +, +, Inktomi + FastForward Networks, Microsoft + MongoMusic, +, TMP Worldwide + Rich/Gardner Advertising (BNBN) acquires (FATB)


   *  Amount:         $64 million


   *  Terms:            25% cash/75% stock

   *  Premium:        11.5%


   *  Industry:        E-tailers


   *  Scorecard:      C+


    NEW YORK, Sept. announced that it will acquire , the third largest online bookseller specializing in professional and technical titles for the corporate marketplace. intends to add's business-to-business focus, digital publishing and print-on-demand capabilities, to complement its consumer-based initiatives in these areas. will acquire in a transaction valued at approximately $64 million, comprised of 75% stock and 25% cash. Read analysis of this deal in Kelly Black's DealTracker.