Microsoft Goes Bungie Jumping

AT&T Wireless + various wireless
systems
, Lucent + Herrmann Technology, Microsoft + Bungie Software,
Mucho.com + TEAM
America
, Proxim + Farallon,
Terra Networks + Ifigenia
Plus















































 Microsoft (MSFT) acquires Bungie
Software

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
Scorecard:
      B+

 



    REDMOND, Wash., June 19–Software giant Microsoft said it bought Bungie Software Products for undisclosed
    terms, that some analysts have estimated to be between $20 million and $40
    million. Microsoft said it is
    gaining exclusive publishing and distribution rights to select titles of
    closely-held Chicago-based Bungie’s
    computer and video games to its personal computers and Xbox video game
    consoles.


     

 
































 AT&T Wireless (AWE) to acquire wireless
systems

 

  
* 
Amount:
         $3.3
billion

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      B+

 



    NEW YORK, June 19–AT&T Wireless Group
    announced that it has signed definitive agreements to acquire wireless
    systems in the San Francisco Bay area, San Diego and Houston markets,
    adding more than 1.3 million customers to AT&T branded and managed wireless
    service, marking the last three cities in the nation’s top 15 wireless
    service markets that don’t have AT&T-branded wireless service. The boards
    of AT&T and Vodafone Airtouch VOD (for San
    Francisco property), GTE (for San Diego property)
    and PrimeCo PCS (for Houston property) have approved the
    transactions. Collectively, the transactions are valued at approximately
    $3.3 billion.


     

 
































 Proxim (PROX) acquires Farallon

 

  
* 
Amount:
         $14
million

 

  
* 
Terms:
           
121,654 shares/$4 million cash

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      C+

 



    SUNNYVALE, June 19–Proxim , the leader in
    wirefree broadband networking, announced that it has acquired privately
    held Farallon Communications of San Leandro, California, a leading
    developer of plug-and-play networking solutions for Macintoshes and PCs.
    Through the Farallon acquisition, Proxim will broaden its offerings for the
    home networking, small business and education markets by adding
    Macintosh-compatible wireless connectivity solutions and other
    complimentary broadband networking products. Proxim purchased Farallon for
    121,654 shares of Proxim’s common stock worth approximately $10 million and
    $4 million in cash.


     

 
































 Lucent (LU) acquires Herrmann
Technology

 

  
* 
Amount:
         $438
million

 

  
* 
Terms:
           
7.3 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      A-

 



    MURRAY HILL, N.J., June 19–Lucent Technologies , the world leader in communications semiconductors, announced it
    has

    acquired Herrmann Technology, a leading supplier of devices for
    next-generation dense wavelength division multiplexing (DWDM) optical
    networks. The acquisition strengthens Lucent’s ability to quickly deliver
    highly integrated, cost-effective optoelectronic component solutions for
    the fast-growing optical networking market. Lucent acquired Herrmann Technology, a
    privately held company based in Dallas, Texas, in a stock transaction for
    approximately 7.3 million shares of Lucent’s common stock, valued at about
    $438 million.


     

 
































 Mucho.com to acquire TEAM America
(TMAM)

 

  
* 
Amount:
         $29
million

 

  
* 
Terms:
           
5.925 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Consultants/Designers

 

  
* 
Scorecard:
      C-

 



    NEW YORK, June 19–Privately-held Internet business consultant
    Mucho.com said it agreed to take over TEAM America , a provider of personnel and payroll services, in a deal
    valued at about $29 million. Mucho
    shareholders will receive over 5.925 million shares of TEAM America stock. The combined
    entity will be known as Mucho.com and Mucho’s top executive will hold the
    chairman and chief executive posts for the new firm. Lafayette,
    Calif.-based Mucho said TEAM America shareholders have the option of
    selling their holdings for $6.75 per share in cash through a self-tender
    offer for up to half of TEAM America’s total shares outstanding.


     

 
































 Terra Networks (TRRA) acquires Ifigenia
Plus

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Search/Portal

 

  
* 
Scorecard:
      B-

 



    MADRID, June 19–Terra Networks, S.A. ,
    through its wholly-owned affiliate Telefonica Servicios y Contenidos por
    la Red, S.A.
    , acquired 100% of Ifigenia Plus, a leading Spanish
    company for the provision of digital content in the areas of education,
    culture, art, leisure and tourism. With this initiative, the Terra Group, Internet affiliate of
    Telefonica, S.A. which held 10% of Ifigenia Plus, takes another step closer
    to its goal of creating the leading portal for cultural and educational
    content in the Spanish- and Portuguese-speaking world.


     

 

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