RealTime IT News

Today's Deals: EarthLink Picks Up 17,000 More Subscribers

Critical Path + PeerLogic, EarthLink + IBS Interactive unit












 EarthLink (ELNK) acquires IBS Interactive (IBSX) unit

 

   *  Amount:         Undisclosed

 

   *  Terms:            100% cash
 

   *  Premium:        n/a

 

   *  Industry:        ISPs/Access providers

 

   *  Scorecard:      C+

 


    CEDAR KNOLLS, N.J., Aug 8--EarthLink , the No. 2 U.S. Internet Service Provider (ISP), said it has agreed to buy IBS Interactive's consumer dial-up business of 17,000 subscribers. Under the terms of the agreement, IBS Interactive will receive cash based upon final determination of the total number of subscribers who remain with EarthLink. The divestiture of IBS' consumer dial-up business is the last piece of its strategic plan to concentrate entirely on its e-consulting services, as in July, IBS announced plans to merge with Infonautics and First Avenue Ventures to create a new company that will be named Digital Fusion.

     

 

 Critical Path (CPTH) to acqui