Today’s Deals: Microsoft Makes Mongo Music

 barnesandnoble.com (BNBN) acquires Fatbrain.com
(FATB)

  
* 
Amount:         $64
million

  
* 
Terms:           
25% cash/75% stock

  
* 
Premium:        11.5%

  
* 
Industry:        E-tailers

  
* 
Scorecard:      C+

NEW YORK, Sept. 13–Barnesandnoble.com
announced that it will acquire Fatbrain.com , the
third largest online bookseller specializing in professional and technical
titles for the corporate marketplace. Barnesandnoble.com intends to add Fatbrain.com’s business-to-business
focus, digital publishing and print-on-demand capabilities, to complement
its consumer-based initiatives in these areas. Barnesandnoble.com will
acquire Fatbrain.com in a transaction valued at approximately $64 million,
comprised of 75% stock and 25% cash. Read analysis of this deal in Kelly
Black’s
DealTracker.




 

 Inktomi (INKT) to acquire FastForward
Networks

  
* 
Amount:         $1.3
billion

  
* 
Terms:           
11.9 million shares

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
* 
Scorecard:      B

FOSTER CITY, Calif., Sept 13–Inktomi ,
developer of scalable Internet infrastructure software, announced that it
has signed a definitive agreement to acquire FastForward Networks.
Based in San Francisco, FastForward
Networks has developed a scalable software technology for the
distribution and management of live broadcasting over the Internet and will
propel Inktomi into the next
generation of media infrastructure. Approximately 11.9 million shares of
Inktomi common stock will be exchanged with an aggregate value of
approximately $1.3 billion.




 

 724 Solutions (SVNX) acquires
Spyonit.com

  
* 
Amount:         $53.4
million

  
* 
Terms:           
1.04 million shares/$2 million cash

  
* 
Premium:        n/a

  
* 
Industry:        Financial
services

  
* 
Scorecard:      B

TORONTO, Sept. 13–Internet infrastructure software developer,
724 Solutions , announced it has acquired
Chicago-based Spyonit.com, a developer of Web-based monitoring and
notification technology. Spyonit.com’s
alert software adds to 724 Solutions’
vision of offering a comprehensive, customized end-user experience for
financial institutions’ customers. The acquisition, valued at approximately
$53.4 million, will be comprised of $2 million cash and 1,041,616 of 724’s
common shares.




 

 TMP Worldwide (TMPW) acquires Rich/Gardner
Advertising

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
* 
Scorecard:      A-

< BR>NEW YORK, Sept. 13–TMP Worldwide , a
provider of global recruitment solutions including the leading Internet
career portal, Monster.com, announced
it has completed its acquisition of Rich/Gardner Advertising of
Atlanta, one of the largest recruitment advertising firms in the region.
The acquisition will enable TMP Worldwide
to gain a greater foothold in the Southeast marketplace, adding new depth
to its expertise in specific sectors, broadening its current client base,
and enabling TMP to bring a wider array of services to the table.




 

 Microsoft (MSFT) acquires MongoMusic

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
* 
Scorecard:      B-

REDMOND, Wash., Sept. 13–Microsoft
announced the acquisition of MongoMusic, a leading innovator in
digital music infrastructure noted for its strong collaborative approach
with record labels and artists. The MongoMusic acquisition will be a
significant addition to the MSN network of
Internet services’ efforts to provide compelling digital media content and
highlights Microsoft’s growing leadership in digital music.




 

 SOHU.com (SOHU) acquires
ChinaRen.com

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:       
Search/Portals

  
* 
Scorecard:      B-

BEIJING and HONG KONG, Sept. 13–SOHU.com , one of the leading Internet portals in China, announced the
signing of a definitive agreement to acquire ChinaRen.com, a leading
Chinese community web site. The merger of ChinaRen.com’s sticky community services
with SOHU.com’s comprehensive content and
search capabilities is expected to create the largest Internet portal in
Mainland China measured by a combined registered user base of over 7.8
million and daily page views of 44 million.