@Home Network Wednesday announced that it
finalized its acquisition of Narrative
Communications, with a final price tag of $96 million.
Under terms of the agreement, @Home acquired all outstanding shares and
assumed all outstanding options and warrants of Narrative in exchange for
1.35 million shares of @Home common stock.
Narrative’s Enliven Business Unit is the focus of the @Home Network’s
strategic plan. The firm will use the Enliven rich media advertising
technology to expand within the advertising marketplace to include
narrowband and broadband advertising, the company said.
“This deal is a win-win for both companies,” said Charles Moldow, vice
president, @Media sales and marketing for @Home. “@Home gains the benefit
of access to Narrative’s core Enliven technology, services infrastructure,
customer base and sales organization which ideally complement our own
broadband advertising offerings. Together we will continue the growth and
development of Enliven and maintain its leadership as a defining force in
the Internet advertising market.”
Both companies will continue to serve their existing customer base of
advertisers and agencies, though with the acquisition rich media
advertising campaigns will now include standard dial-up, high speed (T1,
ISDN), @Home broadband PC, and TV set-top connections.
The Enliven Business Unit will maintain Narrative’s Waltham, Mass.
headquarters and will close its Los Altos offices, moving those employees
to @Home’s corporate headquarters in Redwood City, Calif.
Earlier in January, @Home displayed its purchasing power by acquiring
portal player Excite for $6.7 billion
in stock. That deal is expected to close within three months.
