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To: Mark Peterson who wrote (14741)12/13/1999 10:21:00 AM
From: levy  Respond to of 28311
 
In that link I sent you from thunderstone it says that they sold their 49% interest for 70 million...here is that section from that link
"Thunderstone acquires 49% interest in Dogpile.com

About.com / MiningCo switches to Thunderstone for search

Neilsen - Netratings says "powered by Thunderstone" delivered more than all other banners.

Wall Street Journal uses Texis for its employment site.

Thunderstone sells interest in Dogpile to Go2net in $70 million deal. "

I take it you believe that is a mistake or does it mean something else?



To: Mark Peterson who wrote (14741)12/13/1999 6:21:00 PM
From: levy  Respond to of 28311
 
Mark I contacted thunderstone about my question...here is my question to them and their response.

QUESTION

In this link you say there was a 70 million deal in which thunderstone sold its 49% of dogpile to go2net for 70 million (look under 1999) but go2net says
they bought all of dogpile for 55 million in stock and cash. Is your link in error or is there more about this deal I do not understand? thunderstone.com

RESPONSE FROM THUNDERSTONE

The numbers are accurate. You should read the filing on Edgar to get the details.






To: Mark Peterson who wrote (14741)12/13/1999 8:40:00 PM
From: levy  Respond to of 28311
 
well Mark I did like thunderstone said and dug this up out of Edgars which shows the sale at 55 mil so I guess they just have it wrong

From Edgars

On August 4, 1999, the Company entered into a definitive purchase
agreement to acquire Dogpile, LLC (http://www.dogpile.com) in exchange for
682,156 shares of the Company's Common Stock and $15 million in cash, the total
consideration was valued at approximately $55 million as of August 4, 1999. The
transaction will be accounted for under the purchase method of accounting, and
accordingly, the purchase price will be allocated to assets acquired and
liabilities assumed based on their respective fair values. The purchase
agreement also provides for additional payments of up to $15 million over the
next eighteen months contingent on future revenues and usage of Dogpile. The
additional payments, if any, will be accounted for as additional goodwill.

freeedgar.com