Today’s Deals: Media Moguls to Acquire Online Jobs Sites

 chinadotcom (CHINA) acquires stake in
chinaholiday.com

  
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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:      B

HONG KONG, July 17–chinadotcom , the
leading pan-Asian integrated Internet company, announced it has acquired a
majority stake in chinaholiday.com, the leading Mainland China B2B
travel platform. chinaholiday is
the only Web site to have the exclusive online franchise for distributing
travel products and packages of China Travel Services, the leading
state-owned travel agency in China. Through this investment, chinadotcom is well positioned to take
full advantage of China’s potential to be the largest e-Commerce mar

ket in
the world.




 

 Mediaplex (MPLX) to acquire AdWare
Systems

  
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Amount:         $27.3
million

  
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Terms:           
cash and stock

  
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Premium:        n/a

  
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Industry:       
Advertising/Marketing

  
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Scorecard:      B-

SAN FRANCISCO, July 17–The advertising technology company
Mediaplex announced that it has entered into a
definitive agreement to acquire AdWare Systems, a global media
management applications service provider. The acquisition of AdWare will allow Mediaplex to offer to agencies,
advertisers and other partners a complete online-to-offline
media-management solution, leveraging the latest digital technologies.




 

 Tribune (TRB), KnightRidder.com acquire
CareerBuilder.com (CBDR), CareerPath.com

  
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Amount:         $190
million

  
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Terms:          &

nbsp;
100% stock

  
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Premium:        94%

  
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Industry:        Internet
services

  
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Scorecard:      C+

LOS ANGELES, July 17–CareerPath.com announced that it has
signed a definitive agreement to be acquired by a newly-formed company
owned by KnightRidder.com and Tribune Company . In addition, KnightRidder.com and Tribune
separately announced that they have signed a definitive agreement to
acquire CareerBuilder , by $190 million for
CareerBuilder at $8 per share in cash, a premium of 94 percent, by a newly
formed company owned by the two chains. It is expected that CareerPath and CareerBuilder will merge to form a
new, privately held, independent company operated under the current
CareerBuilder management team. Under the merger agreement, KnightRidder.com
and Tribune will acquire CareerPath in a cash for stock merger. For
more on this agreement, see today’s

Dealtracker article.




 

 eMerge Interactive (EMRG) acquires Billings
Livestock Commission, LeMaster

  
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Amount:         $8
million

  
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Terms:           
cash and stock

  
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Premium:        n/a

  
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Industry:       
Content/Communities

  
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Scorecard:      B+

SEBASTIAN, Fla., July 17–eMerge Interactive , a business-to-business Value Chain Integrator serving the
$40-billion U.S. beef-production industry, has agreed to acquire two more
organizations to strengthen its position as the nation’s largest virtual
cattle marketplace: Billings Livestock Commission, located in
Billings, Montana, the oldest continuously operated livestock marketer in
the state, and a video-auctioning pioneer, and LeMaster located in
Gaffney, South Carolina, one of the Carolinas’ largest order-buying
organizations with annual sales of approximately 150,000 head of cattle.
The transactions, which consisted of approximately $8 million in stock and
cash, complement eMerge
Interactive’s growth strategy.




 

 E*TRADE (EGRP) to acquire eInvesting

  
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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:        Financial
services

  
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Scorecard:      C+

MENLO PARK, July 17–Further accelerating its asset gathering and
revenue diversification strategy, E*TRADE Group
announced that it has signed a letter of intent to acquire privately-held

Electronic Investing Corporation (“eInvesting”), a San
Francisco-based provider of personalized securities portfolios. Through the
acquisition, E*TRADE will combine its
powerful brand and distribution channel of over three million customers
with eInvesting’s cutting edge dollar-denominated securities platform to
provide customers with greater choice and value by enabling them to create
personalized portfolios of securities via the Internet.




 

 Aperian (APRN) to acquire OuterNet

  
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Amount:         $5
million

  
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Terms:           
1 million shares

  
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Premium:        n/a

  
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Industry:        Internet
services

  
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Scorecard:      C+

AUSTIN, July 17–Aperian , a leader in
providing managed services and scalable bandwidth for content-intensive
e-businesses, announced that it has signed an agreement to acquire
OuterNet, a privately held professional services firm specializing
in Internet and network services. Under the agreement, OuterNet will become a division of Aperian, initially operating under the
OuterNet name. OuterNet shareholders will receive one million shares of
Aperian stock in the transaction. With the acquisition of OuterNet, Aperian
can offer customers an advanced level of professional services, such as
network design, systems administration, and security auditing.




 

 YouthStream Media Networks (NETS) acquires
Teen.com

  
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Amount:         $6
million

  
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Terms:           
943,709 shares

  
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Premium:        n/a

  
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Industry:       
Content/Communities

  
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Scorecard:      A-

NEW YORK, July 17–YouthStream Media Networks , a leading cross-media company focused on the young adult
market, announced that it has acquired top community website
Teen.com. The purchase price is $6 million in YouthStream common stock, valued at
the current market price. As a result, the Company will issue 943,709
unregistered shares to Teen.com.




 

 Hemera Technologies acquires GraphicCorp from
Corel (CORL)

  
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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+

OTTAWA, July 17–Hemera Technologies of Hull, Quebec, makers
of the highly acclaimed Photo-Objects digital image collections, and
Corel Corporation of Ottawa, Ontario, announced
that Hemera has acquired GraphicCorp, a
division of Corel, as well as Corel’s
collection of premium and stock digital photographic images. The addition
of the Corel digital library, which includes more than 1.5 million
photographs, vector illustrations, floating objects and Web illustrations,
to Hemera Technologies’ existing electronic library has moved Hemera
Technologies into a top position among suppliers of wholly-owned,
royalty-free digital images. Financial terms were not disclosed.




 

 Digital Island (ISLD) to acquire SoftAware
Networks

  
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Amount:         $450
million

  
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Terms:           
9.375 million shares/$20 million cash

  
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Premium:        n/a

  
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Industry:       
Speed/Bandwidth

  
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Scorecard:      B

SAN FRANCISCO, July 17–Digital Island , a
leading Global e-Business Delivery Network, announced that it has reached a
definitive agreement to ac

quire privately held SoftAware Networks, a
leading Internet provider of distributed hosting, for approximately 9.375
million shares of Digital Island
common stock and $20 million in cash. Based on Digital Island’s closing
price on July 14, 2000, the transaction is valued at approximately $450
million. By adding SoftAware
Networks’ demonstrated engineering and technical leadership in the
deployment and management of Intel-based hosting solutions, the acquisition
will play a key role in Digital Island’s build-out of its broadcast-scale
streaming media network.