RealTime IT News

Today's Deals: E-Financial Services Firms Get the Urge to Merge + Telescan, + Silverback Communications

 (GLBN) to merge with Telescan (TSCN)


   *  Amount:         $332 million


   *  Terms:            100% stock

   *  Premium:        275%


   *  Industry:        Content/Communities


   *  Scorecard:      B-


    SANTA MONICA, Aug. and Telescan announced they have signed a definitive merger agreement. The combination will form a vertically integrated, world class, global B2B and B2C "clicks and mortar" Money & Finance Internet company and will boast one of the Internet's most extensive footprints in finance. The combined company will be named Under the terms of the Agreement, each share of Telescan will be exchanged for = share of, valued at approximately $332 million.

    (STKSF) to acquire Silverback Communications


   *  Amount:         $550,000