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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: H James Morris who wrote (12518)	8/4/1998 10:28:00 AM
From: umbro	Read Replies (1) of 164684

Amazon.com will acquire 100 percent of the outstanding shares and assume all outstanding options of Junglee and PlanetAll in exchange for equity having an aggregate value of approximately $280 million. Amazon.com will issue approximately 800,000 shares and assume all outstanding options in connection with the acquisition of PlanetAll and anticipates accounting for this transaction as a pooling of interests. Amazon.com will issue approximately 1.6 million shares and assume all outstanding options in connection with the acquisition of Junglee and anticipates accounting for this transaction under the purchase method of accounting. Each transaction is expected to close within the quarter, subject to customary closing conditions. If I did the math right, they did a 280M acquisition with 2.4M (0.8 + 1.6) shares, and each share is valued at $117. Can't be bad news for AMZN shareholders, since they're getting their stock price validated. This only leaves the question of how much did AMZN receive in terms of sales, obligations, and _earnings_ in this acquisition? In other words, is the deal acretive?

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