to Acquire BigCharts Inc.

San Francisco-based Inc. signed a
definitive agreement to acquire
BigCharts Inc., one of the top-10
trafficked financial sites and a provider of objective, data-driven online
financial content for self-directed investors.

The transaction is valued at approximately $160 million in stock and $6
million in cash.

The acquisition will enable to increase the number and
quality of financial tools it provides investors, enhancing its position as
branded Web site for real-time business news and financial programming, the
company said.

Minneapolis-based BigCharts said it will be able to integrate’s proprietary real-time news and commentary into the
BigCharts suite of products that it markets to its customers, including many
of the major online brokers and financial services companies it serves.
BigCharts provides content to 7 of the top 10 online brokers.

“We believe that BigCharts is one of the best in the business at producing
useful, attractive and efficient tools for investors,” said
President and CEO Larry Kramer. “They add value to information through
packaging and interactive tools., on the other hand, produces
the fastest and best financial news on the Internet. Both of us are at the
top of the game, and we believe that each of us can contribute exactly what
the other needs to be even better.” Inc. will exchange approximately 2,175,000 shares of its
common stock (including shares issuable upon exercise of assumed BigCharts
options), and pay $6 million in cash in exchange for all outstanding
BigCharts Inc.’s securities. The
deal is expected to close within 30 to 60 days.

BigCharts will retain its key management and be operated as a wholly owned
subsidiary of was launched in October 1997,
as a joint venture between CBS Broadcasting Inc. and Data Broadcasting Corp.

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