Today’s Deals: DoubleClick and Netcreations Tie the Knot

DoubleClick +
NetCreations
, Gameplay.com plc + Pixel Broadband
Studios
, Gilat + ZapMe!,
Teligent + Executive
Conference





















































 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.


     

 

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