WEBDEX: Value Per Unique User Drops 2.1 Percent
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Our analysis of the slew of mergers announced in the Internet space among the top 10 Web firms shows that the hunters offered an average $271 per unique user across the four deals. That contrasts with the $281 average for the top 10 sites in general.
On the high end in the urge to merger arena is @Home's $6.7 billion stock swap for Excite at $404 per user. Low-end looks like Yahoo's $3.6 billion stock swap for GeoCities. USA Network's $6.6 billion bid for Lycos seems on par with the group, leading us to believe there's a chance 50-50 that this could go through.
Merging Mania Value Per Users
|Hunter||Target||Offer (mil.)||Offer Per Unique User|
|@Home||Excite||$ 6,700||$ 404.88|
|AOL||Netscape||$ 4,200||$ 239.34|
|USA Networks||Lycos||$ 6,600||$ 250.19|
|Yahoo||GeoCities||$ 3,600||$ 189.70|
|average||$ 5,275||$ 271.03|
Along with a softer (or more sane) Internet stock market the value per unique user for the top 10 Web sites in the world lost a few points the past week, despite a slew of mergers that brought valuation out. WEBDEX shows a 2.1% fallout since February 10.
First, AT&T (NYSE:T) provides basic twisted pair dialup to the home through its WorldNet service, as well as backbone services to businesses.
WEBDEX, Web site User Value Index
|Internet.com's||December||Feb 10||Feb 17||Feb 10||Feb 17|