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Date: 1998-08-04
Amazon.com frisst wieder-.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- neues Capital verfügbar, für die nexte Fresser/ei. So sagen es die Regeln im virtuellen Buch/handels/monopoly. -.-.- --.- -.-.- --.- -.-.- --.- SEATTLE, WASHINGTON, U.S.A., 1998 AUG 4 (NB) -- By Bob Woods, Newsbytes. Shares of Amazon.com [NASDAQ:AMZN] were up 4.4 percent in mid-morning trading on Tuesday, following the company's announcement that it would buy two Internet-related companies, PlanetAll and Junglee Corp., in separate transactions for $280 million in Amazon.com stock. Amazon.com was up $4.75 at $113 Tuesday morning, although the issue had traded as high as $114.125 soon after it opened for trading on Tuesday. Cambridge, Mass.-based PlanetAll provides a unique Web-based address book, calendar, and reminder service at <A HREF="http://www.PlanetAll.com"> http://www.PlanetAll.com</A> . The offering claims 1.5 million members, with "thousands of new members" joining each day. PlanetAll is described as a secure, free service for its users to organize and automatically update information about friends, business associates, relatives, and alumni. Sunnyvale, Calif.-based Web virtual database (VDB) provider Junglee Corp. uses technology based on doctoral research by the company's founders at Stanford University. The VDB helps Web surfers choose from million of products online that can be found on a variety of Web sites, officials said. In addition, Junglee technology is used in the online recruitment arena. Terms of the deals call for Amazon.com to acquire all of both companies' 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. In the Junglee deal, Amazon.com will issue approximately 1.6 million shares and assume all of Junglee's outstanding options. Amazon.com anticipates it will account for the Junglee buy under the purchase method of accounting. Each transaction is expected to close within the quarter, subject to customary closing conditions. When Amazon.com announced a net loss that bested Wall Street expectations earlier this year, the company also said it would buy three Net-related companies (Newsbytes, Apr. 27, 1998). The bookseller said it would acquire Bookpages Ltd., a UK-based online book retailer; Telebook, an online bookstore concern in Germany; and the Net-based Internet Movie Database directory site. At the time, Amazon.com said it expected online retailers Bookpages and Telebook to become fundamental components of its expansion into the European marketplace. The Internet Movie Database, meantime, would support Amazon.com's eventual entry into online video sales, company officials also said. Source http://www.newsbytes.com -.-.- --.- -.-.- --.- -.-.- --.- TIP Download free PGP 5.5.3i (Win95/NT & Mac) http://keyserver.ad.or.at/pgp/download/ -.-.- --.- -.-.- --.- -.-.- --.- - -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- edited by Harkank published on: 1998-08-04 comments to office@quintessenz.at subscribe Newsletter - -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- 
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