Today’s Deals: DoubleClick and Netcreations Tie the Knot

  
* 
Amount:         $50
million

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
* 
Scorecard:      C-

• 
  
• 
  PETAH TIKVA, Israel , Oct. 3–Gilat Satellite Networksand 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.
• 
  
•  

  
* 
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.
• 
  
•  

  
* 
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.
• 
  
•  

  
* 
Amount:         $50
million

  
* 
Terms:           
100% stock

  
* 
Premium:        n/a

  
* 
Industry:        Performance
software

  
* 
Scorecard:      B+

• 
  
• 
  LONDON, Oct. 3–British online games retailer Gameplay.com
  Plcannounced the
• purchase of an Israeli computer and
  video games publisher, Pixel Broadband Studios from U.S. group
  Take-Two Interactive Softwarefor $50 million in
  shares, gaining technology to download games directly and play them across
  different platforms.
• 
  
•