Go2Net might have missed an opportunity here... webjump.com at $25 million ($12.5 now and $12.5 later maybe) looks like a good deal in comparison to freeyellow.com deal at $19.5 million. Go2net could have almost doubled the number of sites at Hypermart with this acquisition since webjump has over 625,000 websites hosted... oh well, I'm sure Russ and the gang had other good reasons to not acquire webjump...
theglobe.com
theglobe.com Acquires Business Web Hosting Property, WebJump.com
New Property Positions theglobe.com for Business-to-Business Opportunities
NEW YORK, Dec. 1 -- theglobe.com, (Nasdaq: TGLO - news) the trusted network of communities, today announced that it has acquired the assets of WebJump.com, a leader in web hosting services, primarily to businesses and professional webmasters, for $12.5 million in stock plus additional consideration of $12.5 million payable upon future performance targets. The asset acquisition bolsters theglobe.com's offerings in the area of business-to-business web services and dramatically expands the company's ability to reach web-savvy Internet users on a massive scale, extending the Network's audience by over 48 percent.
Launched in October 1998 by parent company Infonent.com, Inc., WebJump is among the fastest growing and most popular properties on the Internet. The property hosts in excess of 625,000 mostly business and professional sites, and registers approximately 1,500 new sites each day. |
