RealTime IT News

Today's Deals: Germany's T-Online Buys

Great Universal Stores +, + Vuent, T-Online International + Internet Factory

 Great Universal Stores to acquire


   *  Amount:         $73 million


   *  Terms:            100% cash

   *  Premium:        n/a


   *  Industry:        E-tailers


   *  Scorecard:      B


    LONDON, Sept 1--Britain's biggest home shopping group Great Universal Stores Plc said it had agreed to buy Internet retailer for US $56 million in cash, including the repayment of around US $17 million in debt. Privately-held, which had intended to float before valuations of Internet retail stocks plunged, sells computers, music and games online. With the acquisition, GUS will be able to offer its customers a wide range of computer and office products via the most convenient channel, be it ordering via store, catalogue or Internet.



 T-Online International AG to acquire Internet Factory


   *  Amount:       &nb