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  • Flash in the Pan

    ci4net.com + Splash Communications, DoubleClick + Flashbase, eContent + MPI Media Productions, Lucent + Chromatis, Palm + AnyDay.com, PetQuarters+ Allpets.com, Pivotal + Simba Digital Conversations, Prodigy + FlashNet








     Palm (PALM) acquires AnyDay.com

     

       *  Amount:         $80 million

     

       *  Terms:            cash and stock

     

       *  Premium:        1.2 million shares/$20 million cash

     

       *  Industry:        Content/Communities

     

       *  Scorecard:      B

     


      SANTA CLARA, May 31--Palm took a large step toward implementing its vision to put the power of the Internet into the hands of mobile users, announcing a definitive agreement to purchase AnyDay.com, a leader in dynamic, Internet-based calendar solutions. The AnyDay acquisition will deliver up-to-the-minute personal services simply, anytime and anywhere to Palm-powered and other handhelds. The proposed acquisition is valued at about $80 million in cash and stock options.

       

     

     DoubleClick (DCLK) acquires Flashbase stake

     

       *  Amount:         Undisclosed

     

       *  Terms:            n/a

     

       *  Premium:        n/a

     

       *  Industry:        Advertising/Marketing

     

       *  Scorecard:      C+

     


      NEW YORK, May 31--DoubleClick, the industry's leading global Internet advertising solutions company, announced it has acquired approximately 60% of the stock of Flashbase, a New York-based company that offers a completely automated solution for the design and management of online sweepstakes. DoubleClick has agreed to acquire the remaining shares of Flashbase in mid-June. Financial terms of the deal were not disclosed.

       

     

     Lucent (LU) to acquire Chromatis

     

       *  Amount:         $4.5 billion

     

       *  Terms:            78 million shares

     

       *  Premium:        n/a

     

       *  Industry:        Speed/Bandwidth

     

       *  Scorecard:      A-

     


      MURRAY HILL, N.J., May 31--Lucent Technologies , the world's biggest maker of telecommunications equipment, said it would buy fiber optical networking equipment company Chromatis Networks for $4.5 billion in stock. The purchase of privately held Chromatis is part of Lucent's effort to strengthen its arsenal of products in the red-hot fiber optical networking market.

       

     

     Pivotal (PVTL) to acquire Simba Digital Conversations

     

       *  Amount:         $12 million

     

       *  Terms:            550,000 shares

     

       *  Premium:        n/a

     

       *  Industry:        Performance software

     

       *  Scorecard:      C+

     


      VANCOUVER, May 31--Pivotal Corporation, the eBusiness Relationship Company, announced the signing of a definitive agreement to acquire 100 percent of the common shares of Simba Digital Conversations, a division of Simba Technologies. Combined with Pivotal's eRelationship 2000 solution, Simba's Digital Conversations technology will improve the way business relationships are conducted over the Internet.

      Under the terms of the definitive agreement, Pivotal will issue approximately 550,000 shares of common stock to the holders of securities of Simba Digital Conversations.

       

     

     Prodigy (PRGY) acquires FlashNet (FLAS)

     

       *  Amount:         $50 million

     

       *  Terms:            5 million shares

     

       *  Premium:        7%

     

       *  Industry:        Internet services

     

       *  Scorecard:      C+

     


      WHITE PLAINS, N.Y., May 31--Prodigy Communications announced that it has completed its acquisition of FlashNet Communications. The acquisition increased Prodigy's existing 1.5 million managed subscribers by over 200,000 new subscribers. At the closing, Prodigy issued 0.35 shares of Prodigy common stock for each share of FlashNet common stock.

       

     

     PetQuarters (PDEN) and Allpets.com merge

     

       *  Amount:         Undisclosed

     

       *  Terms:            n/a

     

       *  Premium:        n/a

     

       *  Industry:        E-tailers

     

       *  Scorecard:      D+

     


      LOS ANGELES, May 31--PetQuarters, a catalog and online pet products retailer, announced that it has acquired Allpets.com, a privately held company based in Los Angeles, California. By integrating the content and community aspects of the Allpets.com Web site with PetQuarters' fulfillment, customer service, product sourcing and distribution capabilities, the combined entity is appropriately positioned to provide pet owners with a single online source for content, community and commerce.

       

     

     eContent (ETNT) acquires MPI Media Productions Int'l

     

       *  Amount:         $2.6 million

     

       *  Terms:            1.35 million shares/$1 million cash

     

       *  Premium:        n/a

     

       *  Industry:        Content/Communities

     

       *  Scorecard:      D

     


      WEST PALM BEACH, May 31--eContent, a vertically integrated eCommerce marketing company based in West Palm Beach, Florida, has acquired MPI Media Productions International, a diversified television production company engaged in development, production and syndication of high profile programming for major networks worldwide. As a condition to closing, MPI shareholders received an initial $1,000,000 cash payment and 1,350,000 shares of eContent restricted common stock.

       

     

     ci4net.com (CIFN) acquires Splash Communications stake

     

       *  Amount:         Undisclosed

     

       *  Terms:            n/a

     

       *  Premium:        n/a

     

       *  Industry:        Content/Communities

     

       *  Scorecard:      C

     


      LONDON, May 31--ci4net.com, the Econet 4 Europe, announced it has acquired a majority interest in Splash Communications, one of the UK's fastest growing PR and marketing agencies. Splash Communications recently launched a new division, Splash dotComms, geared specifically toward providing an integrated set of strategy, creative and communications services to B2B, B2C companies and those developing and marketing new technologies.