Today’s Deals: EarthLink Picks Up 17,000 More Subscribers

 EarthLink (ELNK) acquires IBS Interactive (IBSX)
unit

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
100% cash

  
* 
Premium:        n/a

  
* 
Industry:        ISPs/Access
providers

  
* 
Scorecard:      C+

CEDAR KNOLLS, N.J., Aug 8–EarthLink , the
No. 2 U.S. Internet Service Provider (ISP), said it has agreed to buy IBS
Interactive’s consumer dial-up business of 17,000
subscribers. Under the terms of the agreement, IBS Interactive will receive cash
based upon final determination of the total number of subscribers who
remain with EarthLink. The
divestiture of IBS’ consumer dial-up business is the last piece of its
strategic plan to concentrate entirely on its e-consulting services, as in
July, IBS announced plans to merge with Infonautics and First Avenue Ventures to create a new company that will be
named Digital Fusion.




 

 Critical Path (CPTH) to acqui

re
PeerLogic

  
* 
Amount:         $384
million

  
* 
Terms:           
6.4 million shares

  
* 
Premium:        n/a

  
* 
Industry:        Performance
software

  
* 
Scorecard:      B

SAN FRANCISCO, Aug. 8–Critical Path , a
global provider of business-to-business Internet messaging services,
announced it has signed a definitive agreement to acquire PeerLogic,
a private, San Francisco-based provider of e-business infrastructure
software. With PeerLogic, Critical Path will be able to offer the
mission-critical directory and integration solutions that allow business
information to flow between any two points in the electronic economy. To
complete the acquisition, which is anticipated to close in the third
quarter of 2000, Critical Path will issue 6.4 million shares of its common
stock and assume all outstanding PeerLogic options.