Buy High, Sell Low

ebookers.com + Viajes
Dimensiones
, NTT Communications +
Verio
, QLogic + Ancor Communications, Salon.com + MP3Lit.com,
Thinkpath.com +
E-Wink












































 NTT Communications to acquire Verio
(VRIO)

 

  
* 
Amount:
         $5.5
billion

 

  
* 
Terms:
           
$60 per share

 

  
* 
Premium:
        140%

 

  
* 
Industry:
        Internet
Services

 

  
* 
Scorecard:
      A-

 



    NEW YORK, May 7–NTT Communications, a unit of Nippon
    Telegraph and Telephone Corp.
    said it would buy the
    90% of Web site manager Verio it does not
    already own for about $5.5 billion. Under the agreement, Tokyo-based NTT
    will acquire Englewood, Colo.-based Verio for $60 a share. The total value
    of the deal does not include the 10% of Verio shares, worth about $500
    million that NTT bought in May 1998, NTT said.


     

 































 Salon.com (SALN) acquires MP3Lit.com

 

  
* 
Amount:
      &n

bsp;  $5
million

 

  
* 
Terms:
           
cash and stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
Scorecard:
      D+

 



    SAN FRANCISCO, May 8–Salon.com , one of
    the Internet’s leading media companies, announced the acquisition of
    MP3Lit.com, the first Web site dedicated to offering spoken word and
    audio literature recordings in the MP3 format. The acquisition of MP3Lit.com represents Salon.com’s continued expansion into the
    multibillion dollar digital audio market and also includes LoudBooks.com, the e-commerce division
    of MP3Lit.com, which will sell digital audio downloads of full length books
    by new authors when it launches later this year.


    Under the terms of the agreement, Salon.com common stock, warrants and
    cash, with an aggregate value for the acquisition of approximately $5
    million, will be exchanged for all outstanding shares of MP3Lit.com. The
    acquisition has been approved by the board of directors of each company,
    and closed on May 5, 2000.


     

 
































 QLogic (QLGC) to acquire Ancor Communications
(ANCR)

 

  
* 
Amount:
         $1.7 billion

 

  
* 
Terms:
           
0.5275 QLGC shares for each ANCR share

 

  
* 
Premium:
        100%

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      C

 



    NEW YORK, May 8–High-speed electronic connector component maker
    Qlogic said it signed a deal to buy Ancor
    Communications
    , a provider of fiber switches for
    data storage networks, in a stock deal worth about $1.7 billion. Under
    terms of the deal, which has been approved by the board of directors of
    both companies, QLogic will exchange 0.5275 shares of its common stock for
    each share of Ancor common stock, QLogic said in a statement. The deal
    values each Ancor share at $52.71, well above its Friday closing price of
    31-3/16 on the Nasdaq stock market.


     

 
































 ebookers.com (EBKR) acquires Viajes
Dimensiones

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-tailers

 

  
* 
Scorecard:
      C+

 



    LONDON, May 8–ebookers.com , Europe’s No.
    1 online travel company announced that it has acquired 100%

    of share
    capital of Viajes Dimensiones, S.L. The acquisition of Viajes Dimensiones consolidates
    ebookers.com’s position as Europe’s
    no. 1 internet travel company, with negotiated fares now in the UK, France,
    Germany, Finland, Sweden, Norway, Switzerland, Ireland, Denmark,
    Netherlands and pain.


     

 
































 Thinkpath.com (THTH) acquires E-Wink

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Internet
Services

 

  
* 
Scorecard:
      C-

 



    TORONTO, May 8–Thinkpath.com , a leading
    provider of skills management solutions, announced the acquisition of
    E-Wink, a New York City-based Internet software development company.
    E-Wink is now an 80%-owned subsidiary of Thinkpath.com. Dealer-brokers across
    the US will be able to log-on to the E-Wink site to post and access private
    placement, bridge loan and venture capital information. The estimated
    launch date for the E-Wink site is August 2000.


     

 

News Around the Web