Meteor Industries (METR) to merge with Active IQ Technologies

   *  Amount:         Undisclosed

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        Performance software

   *  Scorecard:      C

DENVER, Oct. 27--Meteor Industries announced it has entered into a non-binding letter of intent to merge with Active IQ Technologies. Active IQ is a privately held Minneapolis, Minnesota-based company that provides Internet infrastructure software services supporting immediate seamless integration solutions for business-to-business (B2B) ecommerce. Meteor will issue new shares of common stock and warrants to purchase additional shares to Active IQ shareholders in exchange for all of the equity of Active IQ, such that Active IQ shareholders will own approximately 50% of the merged company. Exact terms of the deal were not disclosed. Meteor Industries, Inc. is a leading distributor of refined petroleum products. In April, 2000, the company announced it would review strategic alternatives away from its historical business with the goal of enhancing shareholder value.

 

 Silverline Technologies (SLT) acquires SeraNova (SERA)

   *  Amount:         $99 million

   *  Terms:            100% stock

   *  Premium:        n/a

   *  Industry:        Consultants/Designers

   *  Scorecard:      B-

MUMBAI, India, Oct. 27--Silverline Technologies Limited , a global software services and IT solutions provider, and SeraNova, a global provider of Internet professional services, announced a definitive agreement providing for Silverline's acquisition of SeraNova, headquartered in Edison, NJ, USA. The combination of Silverline and SeraNova is expected to create a leading eSolutions firm, with the ability to deliver true "end-to-end" enterprise and eBusiness solutions, utilizing an offshore-based global delivery model. Silverline will acquire all of SeraNova's outstanding shares, in which the exchange ratio of SeraNova shares to Silverline's ADR (American Depositary Receipts) shares has been set at 0.35. The total value of the transaction is approximately $99 million.

 

 HomeStore.com (HOMS) to acquire move.com

   *  Amount:         $761 million

   *  Terms:            26.3 million shares

   *  Premium:        n/a

   *  Industry:        Content/Communities

   *  Scorecard:      B

THOUSAND OAKS, Calif., Oct. 27--Homestore.com and Cendant Corporation announced they have signed a definitive agreement for Homestore.com to acquire Cendant's Internet real estate portal, move.com. The combined entity is expected to offer unprecedented choice and selection for consumers and professionals alike. Acquired assets to be integrated into Homestore.com's family of Web sites include Cendant's move.com, apartment locator Rent Net, direct marketing company Welcome Wagon, and other move.com Web sites. Homestore.com will acquire move.com in an all-stock transaction totaling approximately 26.3 million shares of the company's common stock, valued at approximately $761 million.

 

 Rediff.com India (REDF) to acquire ThinkIndia.com

   *  Amount:         Undisclosed

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        Content/Communities

   *  Scorecard:      B-

MUMBAI, India, Oct. 27--Rediff.com India Limited , one of India's leading portals focusing on India and the global Indian community, announced an agreement to acquire a privately held, U.S.-based portal focusing on Indians in the U.S., ThinkIndia.com, for an undisclosed number of Rediff.com American Depositary Shares. In keeping with its mission to make Rediff.com the online portal of choice for Indians both in India and in the countries where they live, Rediff's acquisition of ThinkIndia is the first step towards accomplishing this objective. Exact terms of the deal were not disclosed.

 

 EntrePort (ENP) to acquire University.com, By Referral Only

   *  Amount:         $23.6 million

   *  Terms:            7.85 million shares/$4 million in cash

   *  Premium:        n/a

   *  Industry:        Content/Communities

   *  Scorecard:      C+

SAN DIEGO, Oct. 27--EntrePort, a developer of business-to-business eLearning portals that are aimed at sales professionals, including iSucceed.com, announced that it has signed separate definitive agreements to acquire 100% of the outstanding stock of both University.com, a learning service provider that develops, hosts and manages private-label online universities, and By Referral Only, a provider of coaching, teleclasses, seminars and business planning for the real estate and mortgage industry. With the acquisition of University.com and By Referral Only, EntrePort is expected to become one of the leaders in the professional and continuing education markets within the real estate, insurance, legal, financial, health care and accounting industries. EntrePort will issue approximately 5.6 million shares of its common stock to acquire University.com. Separately, EntrePort will issue 2.25 million shares of its common stock and pay $4,000,000 to acquire By Referral Only.

 

 Winebusiness.com and Turrentine Wine Brokerage to merge

   *  Amount:         Undisclosed

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        Content/Communities

   *  Scorecard:      C

SONOMA, Calif., Oct. 27--Winebusiness.com and Turrentine Wine Brokerage have jointly announced a binding agreement to merge. This merger is expected to further position winebusiness.com as a leading business-to-business marketplace for the wine industry and presents opportunities for growth in the dynamic area of international bulk wine and grape sales, as Turrentine Wine Brokerage will bring an invaluable enhancement to the winebusiness.com content with its widely respected ability to provide in-depth information on wine sources geared specifically to the needs of the customer. Terms of the deal were not disclosed.