News   Features   White Papers   Research Reports   Web Events   Source Book   Conferences and Espotting Complete Merger
Posted Jul 6, 2004 Print Version     Page 1of 1 , a developer and provider of performance-based marketing and commerce enabling services, and Espotting Media, Inc., a paid listings provider in Europe, have announced the completion of the merger between the two companies.

The merger of U.S.-based and European-based Espotting is intended to provide the united companies with leverage in the area of performance-based marketing internationally. The combined company offers paid listings services covering a variety of geographic and vertical marketplaces on three continents and reportedly has relationships with over 100,000 online businesses.

Under the terms of the merger agreement, which was completed on July 1 2004, Espotting stockholders received 7.0 million shares of common stock and approximately $11.5 million in cash, in accordance with a net asset adjustment. is also issuing options to purchase approximately 700,000 shares of common stock, at a weighted average exercise price of $4.71, in exchange for options and warrants held by Espotting employees and affiliates. The Espotting Network forms one of four divisions for, which also acquired Miva and Comet Systems during the first six months of 2004.


Print Version   Page 1of 1

Problems with this site? Please contact the webmaster. | About ITI | Privacy Policy