Today’s Deals: Move.com Moves Into Homestore.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:        Performance
software

  
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Scorecard:      C

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  DENVER, Oct. 27–Meteor Industries
  announced it has entered into a non-binding letter of intent to merge with
  Active IQ Technologies. Active
  IQ is a privately held Minneapolis, Minnesota-based company that
  provides Internet infrastructure software services supporting immediate
  seamless integration solutions for business-to-business (B2B) ecommerce.
  Meteor will issue new shares of common stock and warrants to purchase
  additional shares to Active IQ shareholders in exchange for all of the
  equity of Active IQ, such that Active IQ shareholders will own
  approximately 50% of the merged company. Exact terms of the deal were not
  disclosed. Meteor Industries, Inc. is a leading distributor of refined
  petroleum products. In April, 2000, the company announced it would review
  strategic alternatives away from its historical business with the goal of
  enhancing shareholder value.
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Amount:         $99
million

  
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Terms:           
100% stock

  
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Premium:        n/a

  
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Industry:       
Consultants/Designers

  
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Scorecard:      B-

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  MUMBAI, India, Oct. 27–Silverline Technologies Limited
  , a global software services and IT solutions provider, and
  SeraNova, a global provider of Internet
  professional services, announced a definitive agreement providing for Silverline’s acquisition of SeraNova, headquartered in Edison, NJ,
  USA. The combination of Silverline and SeraNova is expected to create a
  leading eSolutions firm, with the ability to deliver true “end-to-end”
  enterprise and eBusiness solutions, utilizing an offshore-based global
  delivery model. Silverline will acquire all of SeraNova’s outstanding
  shares, in which the exchange ratio of SeraNova shares to Silverline’s ADR
  (American Depositary Receipts) shares has been set at 0.35. The total value
  of the transaction is approximately $99 million.
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Amount:         $761
million

  
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Terms:           
26.3 million shares

  
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Premium:        n/a

  
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Industry:       
Content/Communities

  
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Scorecard:      B

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  THOUSAND OAKS, Calif., Oct. 27–Homestore.comand Cendant Corporationannounced they
  have signed a definitive agreement for Homestore.com to acquire Cendant’s
  Internet real estate portal, move.com.
  The combined entity is expected to offer unprecedented choice and selection
  for consumers and professionals alike. Acquired assets to be integrated
  into Homestore.com’s family of Web sites include Cendant’s move.com,
  apartment locator Rent Net, direct
  marketing company Welcome Wagon, and other move.com Web sites.
  Homestore.com will acquire move.com in an all-stock transaction totaling
  approximately 26.3 million shares of the company’s common stock, valued at
  approximately $761 million.
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

&nb

sp; 
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Industry:       
Content/Communities

  
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Scorecard:      B-

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  MUMBAI, India, Oct. 27–Rediff.com India Limited, one of India’s leading portals focusing on India and the
  global Indian community, announced an agreement to acquire a privately
  held, U.S.-based portal focusing on Indians in the U.S.,
  ThinkIndia.com, for an undisclosed number of Rediff.com American
  Depositary Shares. In keeping with its mission to make Rediff.com the online portal of choice for
  Indians both in India and in the countries where they live, Rediff’s
  acquisition of ThinkIndia is the
  first step towards accomplishing this objective. Exact terms of the deal
  were not disclosed.
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Amount:         $23.6
million

  
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Terms:           
7.85 million shares/$4 million in cash

  
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Premium:        n/a

  
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Industry:       
Content/Communities

  
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Scorecard:      C+

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  SAN DIEGO, Oct. 27–EntrePort, a developer
  of business-to-business eLearning portals that are aimed at sales
  professionals, including iSucceed.com, announced that it has
  s
• igned separate definitive agreements to acquire 100% of the outstanding
  stock of both University.com, a learning service provider that
  develops, hosts and manages private-label online universities, and By
  Referral Only, a provider of coaching, teleclasses, seminars and
  business planning for the real estate and mortgage industry. With the
  acquisition of University.com and
  By Referral Only, EntrePort is expected to become one of
  the leaders in the professional and continuing education markets within the
  real estate, insurance, legal, financial, health care and accounting
  industries. EntrePort will issue approximately 5.6 million shares of its
  common stock to acquire University.com. Separately, EntrePort will issue
  2.25 million shares of its common stock and pay $4,000,000 to acquire By
  Referral Only.
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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

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  SONOMA, Calif., Oct. 27–Winebusiness.com and Turrentine
  Wine Brokerage have jointly announced a binding agreement to merge.
  This merger is expected to further position winebusiness.com as a leading
  business-to-business marketplace for the wine industry and presents
  opportunities for growth in the dynamic area of international bulk wine and
  grape sales, as Turrentine Wine Brokerage will bring an invaluable
  enhancement to the winebusiness.com content with its widely respected
  ability to provide in-depth information on wine sources geared specifically
  to the needs of the customer. Terms of the deal were not disclosed.
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