| In an effort to bulk up its services to its business customers, InfoSpace.com Inc.
Monday acquired Union-Street.com, a site that provides business to business Web services.
INFOSPACE INC:: File Format: PDF/Adobe AcrobatYour browser may not have a PDF reader available. Google recommends visiting our text version of this document.We maintain a World Wide Web site at www.infospace.com. cash payment of $18 million dollars. In addition, we hired six employees who comprised the http://files.shareholder.com/downloads/INFO/0x0xS1012870-00-4327/1068875/filing.pdfHOME |
Under the terms of the acquisition, InfoSpace.com (INSP) will exchange 450,000 shares of its common stock for all of Union-Street.com's outstanding shares, warrants and options. The purchase is valued at approximately $18 million and is expected to be completed in October.
InternetNews Realtime IT News -:: InfoSpace.com Buys Union-Street.com for $18 Million - 09/27/1999 France's Top Online Merchant Sees E-C Matching Minitel - 09/27/1999 http://www.internetnews.com/bus-news/archives.php/199909HOME |
InfoSpace provides a host of directory services to consumers and third party Web sites. Monday's acquisition will add a series of personalization features to its list of services. Unio-Street adds e-mail, address books, calendars, chat features and message boards to its customers' sites. Its offerings will be integrated into InfoSpace's network, said Naveen Jain, InfoSpace chairman and chief executive officer.
"Web communities are the realization of how to build relationship marketing on the Web," Jain said. "The addition of these additional on-line business to business services, such as private label e-mail services, will help our affiliates offer users more compelling reasons to stay on their site longer and also target users for direct marketing opportunities, increasing e-commerce and advertising revenues."
INFOSPACE COM INC (Form: S-3, Received: 12/21/1999 08:01:38):: File Format: Microsoft Word - View as HTMLThe selling stockholders are offering to sell, and seeking offers to buy shares related assets from Active Voice Corporation for $18 million dollars. http://shareholder.api.edgar-online.com/efx_dll/edgarpro.dll?FetchFilingRTF1?sessionid=aderWbMbQwgoMjh&ID=1449767&PageBreakStyleID=2HOME | SEC Info - Infospace Inc - 424B5 - On 1/10/0:: INFOSPACE.COM We began operations in March 1996 as a Washington corporation and related assets from Active Voice Corporation for $18 million dollars. http://www.secinfo.com/dVgzt.5r.htmHOME |
Monday's acquisition is the latest purchase made to boost InfoSpace's offerings. In August, the company paid approximately $37.5 million for INEX Corp., a provider storefront building resources and in July bought
technology, MyAgent, for $18 million.
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France's Top Online Merchant Sees E-C Matching Minitel |