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

EntrePort + University.com, By
Referral Only
, HomeStore.com +
move.com
, Meteor Industries + Active IQ
Technologies
, Rediff.com India
+ThinkIndia.com
, Silverline Technologies +
SeraNova
, Winebusiness.com + Turrentine Wine
Brokerage











































 Meteor Industries (METR) to merge with Active IQ
Technologies

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Performance
software

 

  
* 
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)

 

  
* 
Amount:
         $99
million

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Consultants/Designers

 

  
* 
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

 

  
* 
Amount:
         $761
million

 

  
* 
Terms:
           
26.3 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
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

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

&nb

sp; 
* 
Industry:
       
Content/Communities

 

  
* 
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

 

  
* 
Amount:
         $23.6
million

 

  
* 
Terms:
           
7.85 million shares/$4 million in cash

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
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

 

  
* 
Amount:
        
Undisclosed

 

  
* 
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.


     

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