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

 Meteor Industries (METR) to merge with Active IQ
Technologies

  
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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

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.




 

 Silverline Technologies (SLT) acquires SeraNova
(SERA)

  
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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-

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.




 

 HomeStore.com (HOMS) to acquire
move.com

  
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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

THOUSAND OAKS, Calif., Oct. 27–Homestore.com and Cendant Corporation announced 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.




 

 Rediff.com India (REDF) to acquire
ThinkIndia.com

  
* 
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-

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.




 

 EntrePort (ENP) to acquire University.com, By
Referral Only

  
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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+

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.




 

 Winebusiness.com and Turrentine Wine Brokerage to
merge

  
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:       
Content/Communities

  
* 
Scorecard:      C

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.