Today's Deals: EDGAR Online Makes Second Acquisition This Week

November 13th, 2008
Chinadotcom + Miller Freeman Asia, EDGAR Online + Financial Insight Systems, GetAsia + LegManila.com, Localvibe.com, ClickTheCity.com, HeavenlyDoor.com + WWH Insurance Services, iExchange.com + InteractiveFunds.com, WorldMall.com + Core Business Solutions, Net Mark Design






 Chinadotcom (CHINA) acquires Miller Freeman Asia unit

 

   *  Amount:         Undisclosed

 

   *  Terms:            n/a

 

   *  Premium:        n/a

 

   *  Industry:        Content/Communities

 

   *  Scorecard:      A-

 


    HONG KONG, Oct. 19--chinadotcom, a pan-Asian integrated Internet company, announced the acquisition of a 100% stake in Miller Freeman Asia's travel & tourism group and the group's publishing services division by its subsidiary, hongkong.com. Based in Singapore, the acquired business is Asia's leading travel trade publisher, publishing eight regular publications and organizing various major travel trade shows in Asia. The acquisition of Miller Freeman Asia's travel & tourism group and the group's publishing services division illustrate how chinadotcom leverages its synergistic investment strategy to strengthen its portal network content and community and drive its B2B e-commerce revenue.

     

 

 EDGAR Online (EDGR) to acquire Financial Insight Systems

 

   *  Amount:         $28 million

 

   *  Terms:            2.45 million shares/$11.8 million cash

 

   *  Premium:        n/a

 

   *  Industry:        Financial services

 

   *  Scorecard:      B

 


    NORWALK, Conn., Oct. 19--EDGAR Online, an Internet-based provider of business, financial and competitive information derived from U.S. Securities and Exchange Commission EDGAR filings, announced that it has entered into a definitive agreement to acquire Financial Insight Systems, a privately-held company that sells EDGAR-derived data and information systems to large financial institutions. The acquisition is expected to significantly enhance EDGAR Online's position as a leading, full service, financial information provider. EDGAR Online will purchase all the outstanding shares of FIS for $11.8 million in cash, 2.45 million shares of newly issued EDGAR Online stock and a $6 million two-year 7.5% note, for a total transaction value of $28 million.

     

 

 iExchange.com and InteractiveFunds.com to merge

 

   *  Amount:         Undisclosed

 

   *  Terms:            n/a

 

   *  Premium:        n/a

 

   *  Industry:        Financial services

 

   *  Scorecard:      B+

 


    LOS ANGELES & DALLAS, Oct. 19--iExchange.com and InteractiveFunds.com announced that they will merge to pioneer development in community-based financial services. The combined company will deliver robust investment products and services utilizing InteractiveFunds.com's sophisticated and proprietary asset management technologies and investment intelligence from iExchange.com's community of individual investors. The first product will be a community-based mutual fund. It will utilize quantitative money management tools to mine the grassroots investment intelligence of a growing community of over 9,000 individual investors. Terms of the transaction were not disclosed.

     

 

 WorldMall.com acquires Core Business Solutions, Net Mark Design

 

   *  Amount:         Undisclosed

 

   *  Terms:            n/a

 

   *  Premium:        n/a

 

   *  Industry:        Consultants/Designers

 

   *  Scorecard:      n/a

 


    RALEIGH, N.C., Oct. 19--World Mall, owners and operators of WorldMall.com, announced the acquisition of two web design and hosting companies - Rochester based Core Business Solutions and Syracuse based Net Mark Design. The acquisition of Net Mark Design and Core Business Solutions will help WorldMall.com continue to grow in customer size. Terms of the transaction were not disclosed.

     

 

 HeavenlyDoor.com to acquire WWH Insurance Services

 

   *  Amount:         Undisclosed

 

   *  Terms:            n/a

 

   *  Premium:        n/a

 

   *  Industry:        Content/Communities

 

   *  Scorecard:      C

 


    NEW YORK, Oct. 19--HeavenlyDoor.com, the first publicly traded consumer funeral industry Web portal and WWH Insurance Services have signed a non-binding letter of intent for the acquisition of WWH by HeavenlyDoor.com. WWH is a privately held national independent distributor of life and health insurance products, and will provide HeavenlyDoor.com with a major increase in the portfolio of products and services it can offers its target market of adults 50 years of age and over.

     

 

 GetAsia acquires LegManila.com, Localvibe.com, ClickTheCity.com

 

   *  Amount:         Undisclosed

 

   *  Terms:            n/a

 

   *  Premium:        n/a

 

   *  Industry:        Content/Communities

 

   *  Scorecard:      C

 


    MANILA, Philippines, Oct. 19--GetAsia.com has acquired three leading Filipino city guide and lifestyle portals -- LegManila.com, Localvibe.com and ClickTheCity.com. The deal marks GetAsia's entry into the Philippine market, adding to the company's already impressive roster of sites. The resulting merger between Localvibe.com, LegManila.com and its subsidiary site, ClickTheCity.com, will create the most comprehensive lifestyle and city guide Web site in the Philippines. Terms of the transaction were not disclosed.