Today’s Deals: EDGAR Online Makes Second Acquisition This Week

 Chinadotcom (CHINA) acquires Miller Freeman Asia
unit

  
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:       
Content/Communities

  
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Scorecard:      A-

HONG KONG, Oct. 19–chinadotcom , a
pan-Asian integrated Internet company, announced the acquisition of a 100%
stake in Miller Freeman Asia’s travel & tourism group and the
group’s publishing services division by its subsidiary, hongkong.com. Based in Singapore, the
acquired business is Asia’s leading travel trade publisher, publishing
eight regular publications and organizing various major travel trade shows
in Asia. The acquisition of Miller Freeman Asia’s travel & tourism group
and the group’s publishing services division illustrate how chinadotcom leverages its synergistic
investment strategy to strengthen its portal network content and community
and drive its B2B e-commerce revenue.




 

 EDGAR Online (EDGR) to acquire Financial Insight
Systems

  
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Amount:         $28
million

  
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Terms:           
2.45 million shares/$11.8 million cash

  
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Premium:        n/a

  
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Industry:        Financial
services

  
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Scorecard:      B

NORWALK, Conn., Oct. 19–EDGAR Online , an
Internet-based provider of business, financial and competitive information
derived from U.S. Securities and Exchange Commission EDGAR filings,
announced that it has entered into a definitive agreement to acquire
Financial Insight Systems, a privately-held company that sells
EDGAR-derived data and information systems to large financial institutions.
The acquisition is expected to significantly enhance EDGAR Online’s position as a leading,
full service, financial information provider. EDGAR Online will purchase
all the outstanding shares of FIS for $11.8 million in cash, 2.45 million
shares of newly issued EDGAR Online stock and a $6 million two-year 7.5%
note, for a total transaction value of $28 million.




 

 iExchange.com and InteractiveFunds.com to
merge

  
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
* 
Premium:        n/a

  
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Industry:        Financial
services

  
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Scorecard:      B+

LOS ANGELES & DALLAS, Oct. 19–iExchange.com and
InteractiveFunds.com announced that they will merge to pioneer
development in community-based financial services. The combined company
will deliver robust investment products and services utilizing InteractiveFunds.com’s
sophisticated and proprietary asset management technologies and investment
intelligence from iExchange.com’s
community of individual investors. The first product will be a
community-based mutual fund. It will utilize quantitative money management
tools to mine the grassroots investment intelligence of a growing community
of over 9,000 individual investors. Terms of the transaction were not
disclosed.




 

 WorldMall.com acquires Core Business Solutions,
Net Mark Design

  
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Amount:    &

nbsp;   
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:       
Consultants/Designers

  
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Scorecard:      n/a

RALEIGH, N.C., Oct. 19–World Mall, owners and operators of
WorldMall.com, announced the
acquisition of two web design and hosting companies – Rochester based
Core Business Solutions and Syracuse based Net Mark Design.
The acquisition of Net Mark Design and Core Business Solutions will help
WorldMall.com continue to grow in customer size. Terms of the transaction
were not disclosed.




 

 HeavenlyDoor.com to acquire WWH Insurance
Services

  
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:       
Content/Communities

  
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Scorecard:      C

NEW YORK, Oct. 19–HeavenlyDoor.com , the
first publicly traded consumer funeral industry Web portal and WWH
Insurance Services have signed a non-binding letter of intent for the
acquisition of WWH by HeavenlyDoor.com. WWH is a privately
held national independent distributor of life and health insurance
products, and will provide HeavenlyDoor.com with a major increase in the
portfolio of products and services it can offers its target market of
adults 50 years of age and over.




 

 GetAsia acquires LegManila.com, Localvibe.com,
ClickTheCity.com

  
* 
Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:       
Content/Communities

  
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Scorecard:      C

MANILA, Philippines, Oct. 19–GetAsia.com has acquired three
leading Filipino city guide and lifestyle portals — LegManila.com,
Localvibe.com and ClickTheCity.com. The deal marks GetAsia’s entry into the Philippine
market, adding to the company’s already impressive roster of sites. The
resulting merger between Localvibe.com, LegManila.com and its subsidiary site,
ClickTheCity.com, will create the
most comprehensive lifestyle and city guide Web site in the Philippines.
Terms of the transaction were not disclosed.