The Pooper Scooper

Broadcom + Innovent
Systems
, eBay + Half.com,
Interliant + Knowledge
Systems
, Loudeye Technologies + VidiPax, Pets.com + Petstore.com assets,
Xircom + Omnipoint
Technologies















































 eBay (EBAY) to acquire Half.com

 

  
* 
Amount:
         $350
million

 

  
* 
Terms:
           
5 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-tailers

 

  
* 
Scorecard:
      A

 



    SAN JOSE, June 13–eBay , the world’s
    leading personal trading community, announced that it has agreed to acquire
    Half.com a fixed-price, person-to-person trading marketplace where
    buyers and sellers can trade used books, CDs, movies and video games that
    are at least half off the list price. The company was founded in July 1999
    and launched its site in January 2000. eBay will pay for Half.com in stock, using a formula that is
    expected to work out to between 4.6 million and 5.5 million of its shares.
    Based on eBay’s closing stock price Tuesday of $68 a share, the total value
    of the deal should be between $312 and $374 million.


     

 
































 Broadcom (BRCM) acquire Innovent
Systems

 

  
* 
Amount:
         $440
million

 

  
* 
Terms:
           
3 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      B+

 



    LOS ANGELES, June 13–Communications semiconductor company
    Broadcom said it would acquire Innovent
    Systems
    , a 1-1/2-year-old maker of wireless chips, for about $440
    million in stock. Irvine, Calif.-based Broadcom said Innovent’s recently announced
    Blutonium family of Bluetooth semiconductors and systems would give it a
    strong presence in the short-range wireless market for home uses that
    analysts estimate will be a multi-billlion industry within a few years. The
    deal will see Broadcom issue 3 million shares for Innovent.


     

 
































 Loudeye Technologies (LOUD) to acquire
VidiPax

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 

Premium:        n/a

 

  
* 
Industry:
        Internet
services

 

  
* 
Scorecard:
      C+

 



    NEW YORK, June 13–Loudeye Technologies ,
    a leading provider of digital media solutions that unleash the power of
    audio and video on the Internet, announced that it has entered into an
    agreement in principle to acquire privately-held VidiPax, the
    leading independent provider of video and audio restoration and migration
    services in the world. As part of the acquisition, Loudeye plans to expand VidiPax’s well-established restoration
    facility in New York into a full-service Digital Media Center. The
    acquisition is anticipated to close by the end of June 2000, subject to
    satisfaction of a number of conditions.


     

 
































 Interliant (INIT) acquires Knowledge
Systems

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Internet
services

 

  
* 
Scorecard:
      B

 



    PURCHASE, N.Y., June 13–I

    nterliant , a
    leading global application service provider (ASP), announced that it has
    acquired Chantilly, Virginia-based Knowledge Systems. Knowledge Systems, a provider of
    virtual trade shows and Web outsourcing services, has served association
    customers since 1984. Concurrently, Interliant is launching a new
    portfolio of services designed to meet the specific needs of the
    association marketplace.


     

 
































 Pets.com (IPET) to acquire Petstore.com
assets

 

  
* 
Amount:
         $12
million

 

  
* 
Terms:
           
6 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-tailers

 

  
* 
Scorecard:
      C+

 



    NEW YORK, June 13–Online pet supplies store Pets.com said it has agreed to acquire assets of privately held
    Internet pet store PetStore.com. Pets.com will acquire Petstore.com’s database of customers and
    newsletter subscribers, as well as the Petstore.com trademark, its trade
    name and domain name, and its live fish business, Flying Fish Express. The
    transaction also involves a $3 million cash investment into Pets.com and
    the company said it will issue about 5.8 million shares of its common stock
    and about 850,000 shares of a redeemable nonvoting, nonconvertible series A
    preferred stock.


    In addition, Pets.com said it will take over a strategic, equity
    relationship with Discovery.com, an
    affiliate company of the Animal Planet cable television network. Pets.com
    said Discovery.com will become a “significant” shareholder in the company,
    and Discovery.com’s President and Chief Operating Officer Michela English
    will join the Pets.com board of directors.


     

 
































 Xircom (XIRC) to acquire Omnipoint
Technologies

 

  
* 
Amount:
         $60
million

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      B

 



    THOUSAND OAKS, June 13–Xircom , the
    leading provider of mobile information access solutions, announced that it
    is acquiring Omnipoint Technologies, a wholly owned subsidiary of
    VoiceStream Wireless . The Omnipoint acquisition is a key
    element of Xircom’s strategy to be a
    total provider of wireless data solutions for Wide Area, Personal Area, and
    Local Area Networks.


    Under the terms of the agreement, VoiceStream will become a minority
    investor in Xircom by holding 1,201,079 shares of Xircom common stock to be
    exchanged for all outstanding shares of Omnipoint. The stock exchanged
    would have a value of approximately $52.2 million with certain liabilities
    and unvested employee stock options additionally valued at approximately
    $8.3 million.


     

 

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