All the Way to the Bank

Allen Systems +
Viasoft
, CheckFree + Bank of America e-billing, Clarus + iSold.com, InfoSpace + IQorder, Intersil + No Wires Needed,
TheStreet.com +
BiGFiSH







































 CheckFree (CKFR) acquires Bank of America
e-billing assets

 

  
* 
Amount:
         $395.6
million

 

  
* 
Terms:
           
10 million shares + 10 million warrants

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Financial
services

 

  
* 
Scorecard:
      A-

 



    CHARLOTTE, April 27–CheckFree Holdings (CKFR)
    said it would buy Bank of America’s (BAC)
    electronic billing and payment assets through a strategic agreement that
    would give the bank a 16 percent stake in CheckFree, a provider of
    financial electronic commerce services and products. The pact, which is
    subject to regulatory approval, is valued at $395.6 million plus warrants,
    based on Wednesday’s CheckFree closing share price of 39-9/16.


     

 































 InfoSpace (INSP) acquires
IQorder.com

 

  
* 
Amount:
         $58 million

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-commerce
enablers

 

  
* 
Scorecard:
      B+

 



    April 27–InfoSpace (INSP)
    says that it has acquired IQorder.com, which will enable it to
    start offering wireless carriers the ability to offer comparison shopping
    and other consumer services via wireless Net devices. InfoSpace is
    acquiring IQorder.com for a reported
    $58 million. It recently acquired PrivacyBank.com in an attempt to
    offer e-commerce purchasing capabilities to wireless operators and their
    customers.


     

 
































  TheStreet.com (TSCM) acquires BiGFiSH
Management

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
cash and stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
Scorecard:
      C+

 



    NEW YORK, April 27–TheStreet.com (TSCM)
    , a Web-based provider of original, timely and comprehensive financial
    news and commentary, announced plans to acquire BiGFiSH Management,
    a leading conference and event production firm that will create investment
    conferences under TheStreet.com name. The acquisition will also help
    broaden the company’s multi-leg revenue base.


    The transaction will be completed with a mixture of cash and stock. Under
    the terms of the agreement, which is scheduled to close in May,
    TheStreet.com will purchase 100% of the outstanding stock of BiGFiSH.


     

 
































 Clarus (CLRS) acquires iSold.com

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-commerce
enablers

 

  
* 
Scorecard:
      B+

 



    ATLANTA, April 27–Clarus Corporation (CLRS)
    , a business-to-business (B2B) e-commerce solution provider, announced that
    it has entere

    d into a definitive agreement to acquire iSold.com, a
    dynamic pricing and complex auctioning company. The acquisition of iSold.com will allow Clarus to offer 10
    auction types, out-of-the-box, including English, Dutch and Reverse.


     

 
































 Intersil (NSIL) acquires No Wires
Needed

 

  
* 
Amount:
         $395.6 million

 

  
* 
Terms:
           
3.0 – 3.35 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      B

 



    PALM BAY, April 27–Intersil Holding (ISIL)
    , a leader in the rapidly growing integrated communications market,
    announced that it has signed an agreement to acquire Bilthoven,
    Netherlands-based No Wires Needed B.V. for Intersil common stock.
    The all stock transaction has been approved by the Boards of Directors of
    both companies and is scheduled to close within approximately 30 days,
    subject to obtaining required consents from No Wires Needed shareholders
    and meeting other customary closing conditions. No Wires Needed
    shareholders will receive between 3.0 and 3.35 million shares, depending on
    the closing prices for Intersil shares during an agreed-upon period
    preceding the closing.


     

 
































 Allen Systems acquires Viasoft
(VIAS)

 

  
* 
Amount:
         $152
million

 

  
* 
Terms:
           
100% cash – $8.40/per share

 

  
* 
Premium:
        52%

 

  
* 
Industry:
        Performance
software

 

  
* 
Scorecard:
      C+

 



    NAPLES, April 27–Allen Systems Group and Viasoft (VIAS)
    announced that they have entered into a definitive agreement for Allen
    Systems to acquire Viasoft through a cash tender offer for $8.40 per share
    in cash.


    The tender offer, which is expected to commence no later than May 3, 2000
    and remain open for twenty business days thereafter, unless extended, will
    be followed by a merger under which those shares not tendered will be
    converted into the right to receive the same $8.40 per share in cash.
    Following the merger, Viasoft will initially be operated as a wholly owned
    subsidiary of Allen Systems Group.


     

 

News Around the Web