RealTime IT News

Buy High, Sell Low

ebookers.com + Viajes Dimensiones, NTT Communications + Verio, QLogic + Ancor Communications, Salon.com + MP3Lit.com, Thinkpath.com + E-Wink







 NTT Communications to acquire Verio (VRIO)

 

   *  Amount:         $5.5 billion

 

   *  Terms:            $60 per share
 

   *  Premium:        140%

 

   *  Industry:        Internet Services

 

   *  Scorecard:      A-

 


    NEW YORK, May 7--NTT Communications, a unit of Nippon Telegraph and Telephone Corp. said it would buy the 90% of Web site manager Verio it does not already own for about $5.5 billion. Under the agreement, Tokyo-based NTT will acquire Englewood, Colo.-based Verio for $60 a share. The total value of the deal does not include the 10% of Verio shares, worth about $500 million that NTT bought in May 1998, NTT said.

     

 

 Salon.com (SALN) acquires MP3Lit.com

 

   *  Amount:      &n