RealTime IT News

Today's Deals: InfoSpace, Go2Net Announce Merger After-Hours

Breakaway Solutions + Zartis, FactSet Research Systems + Insyte, InfoSpace + Go2Net, Onvia.com + Globe-1, Symbol Technologies + Telxon, Uproar + iwin.com, US Interactive + The Fourth Room Limited, VIA NET.WORKS + Smartcomp

 InfoSpace (INSP) to acquire Go2Net (GNET)


   *  Amount:         $4 billion


   *  Terms:            84 million shares


   *  Premium:        45%


   *  Industry:        Search/Portals


   *  Scorecard:      B


    PALO ALTO, July 26--InfoSpace , a provider of online infrastructure and services to businesses, agreed to buy Go2Net , in a transaction valued at about $4 billion. By integrating these two companies, InfoSpace will be able to extend its infrastructure services by integrating Go2Net's search properties, multiplayer gaming platform, and payment processing capabilities, positioning the combined company as a provider of an integrated user experience across all devices and networks, from wireless to DSL to broadband. Read analysis of this deal in Kelly Black's DealTracker.