Big Fish, Little Fish

  
* 
Amount:         $157
million

  
* 
Terms:           
0.48 MYPT shares for 1 CGLD share

  
* 
Premium:        50%

  
* 
Industry:        Direct Internet
marketing

  
* 
Scorecard:      B-

• 
  
• 
  NEW YORK, April 17–MyPoints.com (MYPT)
  , which provides Internet direct marketing services, said it signed a deal
  to buy Cybergold (CGLD)
  , which develops tools that lets companies reward customers for responding
  to Web-based marketing, for about $157 million in stock.
• 
  Under the terms of the deal, MyPoints will trade 0.48 share of its stock
  for each share of Cybergold stock, bringing the total to $157 million based
  on MyPoints closing price of 14 15/16 on Friday on the Nasdaq stock market.
  Cybergold’s shares closed at 5-1/2, also on Nasdaq.
• 
  
•  

  
* 
Amount:         $109
million

  
* 
Terms:           
100% stock

  
* 
Premium:        n/a

  
* 
Industry:        Internet staffing
services

  
* 
Scorecard:      B-

• 
  
• 
  ATLANTA, April 17–Internet recruiting company Headhunter.net
  (HHNT)
  said it agreed to buy competitor CareerMosiac for about $109
  million in stock, creating the second largest online recruiting service.
• 
  Under the terms of the transaction, Headhunter.net will issue about 7.5
  million shares for the CareerMosiac’s assets. CareerMosaic
  is a unit of marketing communications firm Omnicom Group (OMC).< /P>
•  

  
* 
Amount:         $27
million

  
* 
Terms:           
$18 million cash/$9 million stock

  
* 
Premium:        n/a

  
* 
Industry:        Corporate
software

  
* 
Scorecard:      B

• 
  
• 
  MINNEAPOLIS, April 17–Retek (RETK)
  , a leader in retail solutions for the new economy, announced today that it
  has signed an agreement to acquire HighTouch Technologies, an
  innovative specialist in multi-channel customer relationship solutions.
  Terms of the agreement include payment of $18 million in cash and an
  issuance of $9 million of Retek’s common stock up to a maximum of 400,000
  common shares to Hightouch.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Networking
software

  
* 
Scorecard:      A-

• 
  
• 
  SAN JOSE, April 17–BEA Systems (BEAS)
  announced that it has signed a definitive agreement to acquire the
  consulting and education group of privately held The Object People,
  based in Ottawa, Ontario, Canada. The agreement provides for BEA to acquire
  the consulting organization and the education organization from The Object People, including all
  educational courseware intellectual property. Terms of the deal were not
  disclosed.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
100% stock

  
* 
Premium:        n/a

  
* 
Industry:        Digital
security

  
* 
Scorecard:      D+

• 
  
• 
  SEATTLE, April 17–Sunhawk.com (SNHK)
  , a Digital Rights Management (DRM) company that prepares, enhances and
  securely distributes proprietary digital products over the Internet,
  announced its intent to acquire Copyright Control Services, a
  U.K.-based leader in developing strategies, technology and methods for
  reducing copyright infringement on the Internet. Terms of the assets for
  the stock transaction were not disclosed.
• 
  By acquiring CCS, Sunhawk.com
  will further enable content owners to (i) address Intellectual Property
  piracy, (ii) enhance the revenue to be recognized from the sale of their
  propriety digital product, and (iii) maintain the value and integrity of
  their Intellectual Property.
• 
  
•  

  
* 
Amount:         $30
million

  
* 
Terms:           
additional $20 million by other party

  
* 
Premium:        n/a

  
* 
Industry:        Internet grocery
retailer

  
* 
Scorecard:      A

• 
  
• 
  PLEASANTON, April 17–Supermarket chain Safeway (SWY)
  said it will invest $30 million in Dallas-based grocery e-business
  GroceryWorks.com. GroceryWorks
  will become Pleasanton, Calif.-based Safeway’s exclusive online grocery
  channel, and Safeway will supply product to GroceryWorks.
• 
  In exchange for the capital contributions and assignment of the product
  purchase agreement, the Safeway subsidiary will receive preferred stock in
  GroceryWorks convertible into 50 percent of GroceryWorks’ fully diluted
  common stock.
• 
  
•  

  
* 
Amount:         $4.2
million

  
* 
Terms:           
226,667 DMAX shares/$1.7 million cash

  
* 
Premium:        n/a

  
* 
Industry:        B2B pharmaceutical
exchange

  
* 
Scorecard:      C

• 
  
• 
  LARGO, April 17–Drugmax.com (DMAX)
  , the leading business-to-business online trade exchange for
  pharmaceuticals, over-the-counter products, health and beauty aids and
  nutritional supplements, announced that it acquired all the outstanding
  stock of Valley Drug Company.
• 
  In connection with the acquisition, Valley Drug received $1.7 million in
  cash, 226,667 shares of Drugmax.com common stock and Drugmax.com will
  assume approximately $1.7 million of Valley Drug long-term debt.
• 
  
•  

  
* 
Amount:         $63
million

  
* 
Terms:           
1.4 million MPWR shares

  
* 
Premium:        n/a

  
* 
Industry:        High-speed telecom
provider

  
* 
Scorecard:      B

• 
  
• 
  ROCHESTER, April 17–Telecommunications service provider Mpower
  Communications (MPWR)
  said it would buy Primary Network Holdings for about $63 million in
  stock, accelerating its push into the Midwest. Mpower said it will issue
  about 1.4 million shares to St. Louis-based Primary’s shareholders and will assume
  about $76 million in debt, bringing the total value of the deal to about
  $139 million.
• 
  
•