Today’s Deals: DoubleClick and Netcreations Tie the Knot

 Gilat (GILTF) to acquire 51% of ZapMe!
(IZAP)

  
* 
Amount:         $50
million

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
* 
Scorecard:      C-

PETAH TIKVA, Israel , Oct. 3–Gilat Satellite Networks and ZapMe! announced an agreement
under which Gilat will make a tender
offer to acquire for cash 51% of ZapMe!’s approximately 44.3 million
outstanding shares at $2.32 per share. ZapMe! currently provides an
advertising-supported, free broadband Internet access network for schools
nationwide, using a satellite-based network. With the announcement of the
Gilat tender offer, ZapMe! plans to begin reducing its emphasis on the free
service business model and will re-focus on a service-fee business model
and new markets. The transaction is valued at approximately $50 million.




 

 Teligent acquires Executive
Conference

  
* 
Amount:         $74
million

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:       
Speed/Bandwidth

  
* 
Scorecard:      B-

VIENNA, Va., Oct. 3–Teligent , a global
leader in broadband communications, announced it has acquired Executive
Conference, a teleconferencing service provider with next generation
capabilities, headquartered in Wayne, New Jersey. The acquisition provides
Teligent with market-tested expertise
and experience to help expand its menu of online communications services.
The stock and cash transaction is valued at $74 million with an additional
earnout payment based on ECI’s future performance.




 

 DoubleClick (DCLK) to acquire NetCreations
(NTCR)

  
* 
Amount:         $191
million

  
* 
Terms:           
100% stock

  
* 
Premium:        17%

  
* 
Industry:       
Advertising/Marketing

  
* 
Scorecard:      B+

NEW YORK, Oct. 3–DoubleClick , the global
Internet advertising solutions company, announced it has entered into a
definitive agreement to acquire NetCreations , a
profitable company and a 100% opt-in e-mail marketing, specializing in e-mail
address list management, brokerage and delivery. The stock-for-stock NetCreations transaction will create
the worldwide leader in e-mail list management, allowing marketers access to
22 million e-mail addresses. The combined company will provide both opt-in
and double opt-in e-mail products to its client base. Under the terms of the
agreement, DoubleClick will issue
0.41 shares of DoubleClick common stock for each share of NetCreations
common stock, in a transaction currently valued at $191 million.




 

 Gameplay.com plc (GAM) acquires Pixel Broadband
Studios

  
* 
Amount:         $50
million

  
* 
Terms:           
100% stock

  
* 
Premium:        n/a

  
* 
Industry:        Performance
software

  
* 
Scorecard:      B+

LONDON, Oct. 3–British online games retailer Gameplay.com
Plc announced the

purchase of an Israeli computer and
video games publisher, Pixel Broadband Studios from U.S. group
Take-Two Interactive Software for $50 million in
shares, gaining technology to download games directly and play them across
different platforms.