Today's Deals: DoubleClick and Netcreations Tie the Knot

 Gilat (GILTF) to acquire 51% of ZapMe! (IZAP)

   *  Amount:         $50 million

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        Internet services

   *  Scorecard:      C-

PETAH TIKVA, Israel , Oct. 3--Gilat Satellite Networks and ZapMe! announced an agreement under which Gilat will make a tender offer to acquire for cash 51% of ZapMe!'s approximately 44.3 million outstanding shares at $2.32 per share. ZapMe! currently provides an advertising-supported, free broadband Internet access network for schools nationwide, using a satellite-based network. With the announcement of the Gilat tender offer, ZapMe! plans to begin reducing its emphasis on the free service business model and will re-focus on a service-fee business model and new markets. The transaction is valued at approximately $50 million.

 

 Teligent acquires Executive Conference

   *  Amount:         $74 million

   *  Terms:            n/a

   *  Premium:        n/a

   *  Scorecard:      B-

VIENNA, Va., Oct. 3--Teligent, a global leader in broadband communications, announced it has acquired Executive Conference, a teleconferencing service provider with next generation capabilities, headquartered in Wayne, New Jersey. The acquisition provides Teligent with market-tested expertise and experience to help expand its menu of online communications services. The stock and cash transaction is valued at $74 million with an additional earnout payment based on ECI's future performance.

 

 DoubleClick (DCLK) to acquire NetCreations (NTCR)

   *  Amount:         $191 million

   *  Terms:            100% stock

   *  Premium:        17%

   *  Industry:        Advertising/Marketing

   *  Scorecard:      B+

NEW YORK, Oct. 3--DoubleClick, the global Internet advertising solutions company, announced it has entered into a definitive agreement to acquire NetCreations, a profitable company and a 100% opt-in e-mail marketing, specializing in e-mail address list management, brokerage and delivery. The stock-for-stock NetCreations transaction will create the worldwide leader in e-mail list management, allowing marketers access to 22 million e-mail addresses. The combined company will provide both opt-in and double opt-in e-mail products to its client base. Under the terms of the agreement, DoubleClick will issue 0.41 shares of DoubleClick common stock for each share of NetCreations common stock, in a transaction currently valued at $191 million.

 

 Gameplay.com plc (GAM) acquires Pixel Broadband Studios

   *  Amount:         $50 million

   *  Terms:            100% stock

   *  Premium:        n/a

   *  Industry:        Performance software

   *  Scorecard:      B+

LONDON, Oct. 3--British online games retailer Gameplay.com Plc announced the purchase of an Israeli computer and video games publisher, Pixel Broadband Studios from U.S. group Take-Two Interactive Software for $50 million in shares, gaining technology to download games directly and play them across different platforms.