Scoot.com Grabs for Loot

C-Cube + Harmonic, Diamond Technology + Momentus Group, GlobeSpan +
T.sqware
, MindArrow Systems + Fusionactive.com, Scoot.com + Loot









































 GlobeSpan (GSPN) acquires T.sqware

 

  
* 
Amount:
         $200
million

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      A-

 



    RED BANK, April 24–GlobeSpan (GSPN)
    , a leading provider of integrated circuit, software, and system designs
    for digital subscriber line (DSL) applications, announced that it has
    signed a definitive agreement to acquire T.sqware, a leading
    developer of programmable network processor technology and products based
    in Santa Clara, CA.


     

 































 C-Cube (CUBE) division to merge with Harmonic
(HLIT)

 

  
* 
Amount:
         n/a

 

  
* 
Terms:
           
0.54 HLIT shares for each CUBE share

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      B

 



    MILPITAS, April 24–C-Cube Microsystems (CUBE)
    announced the stockholder approval of the merger of C-Cube’s
    DiviCom business with Harmonic (HLIT)
    , a manufacturer of fiber-optic solutions for cable television companies,
    which will be preceded by the spin-off of C-Cube’s semiconductor business
    into a stand-alone company that, following the merger, will continue the
    C-Cube Microsystems name.


    The DiviCom-Harmonic merger creates a broadband networking company that
    will provide open solutions for voice, video and data infrastructure. Under
    the terms of the agreement between Harmonic and C-Cube Microsystems, the
    transaction is structured as a tax-free exchange of stock in which C-Cube
    Microsystems stockholders will receive, in exchange for each share of
    C-Cube Microsystems stock, 0.5427 shares of Harmonic stock.


     

 































 Diamond Technology (DTPI) acquires Momentus
Group

 

  
* 
Amount:
         $10
million

 

  
* 
Terms:
           
cash and stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Consultants/Designers

 

  
* 
Scorecard:
      C

 



    CHICAGO, April 24–Diamond Technology Partners (DTPI)
    , a leading e-business services firm, announced an agreement to acquire the
    Momentus Group Limited, a London-based e-business consulting company.


    Under the terms of the acquisition agreement, Diamond will pay $10.0
    million in a combination of cash and stock to Momentus shareholders. The acquisition
    will be accounted for under the purchase method of accounting and is
    expected to be non-dilutive this year and accretive next year.


     

 
































 Scoot.com (SCOP) in talks to acquire
Loot

 

  
* 
Amount:
         n/a

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
Scorecard:
      C+

 



    LONDON, April 24–Online business directory Scoot.com plc (SCOP)
    said it was in talks to acquire classified advertising newspaper

    Loot with financing from communications group Vivendi. Loot, which
    publishes editions in various UK locations, also has an active advertising
    website. It makes no charge for placing ads but circulation and Internet
    access are charged for. A statement issued after press reports on the deal
    said talks were at an early stage and a final decision on whether to
    proceed was not expected before the beginning of June.


     

 
































 MindArrow Systems acquires
Fusionactive.com

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Advertising/Marketing

 

  
* 
Scorecard:
      C+

 



    ALISO VIEJO, April 24–MindArrow Systems, a provider of
    interactive sales and marketing automation solutions, announced it has
    acquired Fusionactive.com, a leading marketing and advertising
    agency based in Hong Kong, in a stock transaction. Terms of the deal were
    not disclosed.
    The acquisition is an essential part of MindArrow’s strategic plan to bring
    its interactive, multimedia technologies to markets around the world. The
    company plans to leverage Fusionactive.com’s strong existing client base
    and its marketing expertise in Eastern Asia to expand the reach of
    MindArrow’s innovative technology solutions.


     

 

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