Today's Deals: Siebel Ramps Up E-Commerce Offerings

Filed under:hznp.com — anonym @ January 7, 2009 edit
Pen Interconnect + perFORMplace, Siebel Systems + OnLink Technologies, Sunhawk.com + Control Services, Uproar + ibetcha.com, World Commerce Online + ProduceOnline.com








 Uproar (UPRO) to acquire ibetcha.com

 

   *  Amount:         $8.6 million

 

   *  Terms:            1.33 million shares

 

   *  Premium:        n/a

 

   *  Industry:        Content/Communities

 

   *  Scorecard:      C+

 


    NEW YORK, Aug. 7--Uproar, producer of uproar.com, announced that it has entered into a definitive agreement to acquire ibetcha.com, a Web site that offers users the opportunity to place bets on virtually any topic with ibetcha.com's non-redeemable Betcha-Bucks and to win cash and prizes. Under the terms of the definitive agreement, Uproar will acquire all outstanding shares of the parent company of ibetcha.com Inc. in a stock-for-stock transaction in which the selling stockholders will receive approximately 1.33 million shares of Uproar common stock.

     

 

 Sunhawk.com (SNHK) to acquire Control Services

 

   *  Amount:         $31 million

 

   *  Terms:            1.95 million shares

 

   *  Premium:        n/a

 

   *  Industry:        Internet services

 

   *  Scorecard:      C

 


    SEATTLE, Aug. 7--Sunhawk.com, a provider of Digital Rights Management (DRM) Solutions and Secure Digital Products, announced the signing of a definitive agreement to effect a share exchange with Control Services (CCS), a London-based developer of Intellectual Property protection technologies that track, trace and protect Intellectual Property residing on the Internet. Acquiring CCS will give Sunhawk.com worldwide reach and solidify the Company's leadership position in the area of Digital Rights Management and Tracking. Sunhawk.com will exchange up to 1,950,938 shares of its common stock for 8,616,336 shares of CCS common and 1,252,884 shares of CCS preferred stock.

     

 

 Siebel Systems (SEBL) to acquire OnLink Technologies

 

   *  Amount:         $609 million

 

   *  Terms:            3.7 million shares

 

   *  Premium:        n/a

 

   *  Industry:        Performance software

 

   *  Scorecard:      B

 


    SAN MATEO, Aug. 7--Siebel Systems, a leading supplier of e-business application software, announced an agreement to acquire OnLink Technologies. OnLink's e-commerce software provides interactive guidance and tailored recommendations to help improve the online buying experience and will help strengthen Siebel's position in e-commerce. Under the terms of the agreement, each outstanding share of OnLink Technologies common stock would be exchanged at a fixed exchange ratio of approximately 0.1648, resulting in the issuance of up to 3,706,564 million shares of common stock of Siebel Systems, representing a total current market value of $609 million.

     

 

 World Commerce Online (WCOL) acquires ProduceOnline.com

 

   *  Amount:         Undisclosed

 

   *  Terms:            100% stock

 

   *  Premium:        n/a

 

   *  Industry:        E-commerce enablers

 

   *  Scorecard:      C

 


    ORLANDO, Aug. 7--World Commerce Online, a leader in global business-to-business electronic commerce solutions for the perishable products industries, announced the acquisition of ProduceOnline.com, a business-to-business e-commerce provider for the fresh fruit and vegetable industry. Under the terms of the agreement, World Commerce Online will acquire ProduceOnline.com for stock and assumption of liabilities.

     

 

 Pen Interconnect (PENC) to merge with perFORMplace

 

   *  Amount:         Undisclosed

 

   *  Terms:            n/a

 

   *  Premium:        n/a

 

   *  Industry:        Content/Communities

 

   *  Scorecard:      C

 


    IRVINE, Aug. 7--Pen Interconnect announced that it has signed a Merger Agreement with perFORMplace, the New York City/Santa Monica, Ca. based online creative and management resource center for the entertainment industry. PerFORMplace's merger with Pen Interconnect will provide perFORMplace with access to public money to help accelerate its growth. Financial terms were not disclosed.

     

 





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