1999 Top 10 Transactions

Publishing, Information and Training Industries

Source: Whitestone Communication's Annual Who's Buying Whom Report

  Buyer Seller Comments
1. United News & Media Carlton Communications $12.6 billion merger; Deal will create the U.K.'s largest commercial television broadcaster, combining Carlton's broadcast strengths and United's print and trade show resources, which include CMP Media and Miller Freeman; United plans to divest all or part of Miller Freeman
2. Gemstar International Group Ltd. TV Guide Inc. $9.2 billion in stock; Gemstar will also take over $600MM in debt as part of the deal; Est. 1999 annual rev. $1.5 billion, est. annual earnings $400MM
3. AtHome Inc. Excite Inc. $6.7 billion in stock; Rev. $154MM; Internet search engine
4. Healtheon Corp. WebMD, Inc. $5.5 billion merger; Microsoft investing $250MM; Rev. less than $500,000; Online medical information for consumers and doctors
5. Yahoo! Inc. Broadcast.com Inc. $4.77 billion; Sports, news and music content
6. Yahoo! Inc. GeoCities Inc. $4.5 billion stock swap; 1998 Q4 rev. $7.5MM; Web site community
7. Computer Associates Platinum Technology $3.5 billion in cash; Software provider, IT training; Rev. $968MM
8. VNU USA Inc. (VNU) Nielsen Media Research $2.7 billion merger ($2.5 billion cash plus assumption $200MM debt); Television audience measurement and related services; Rev. $402MM, EBITDA $126MM
9. America Online Hughes Electronics AOL investing $1.5 billion in Hughes, which will enable AOL to offer high-speed Internet access to its customers; Hughes will market AOL TV
10. DoubleClick Inc. Abacus Direct Corp. $1 billion in stock; Collects and analyzes data on catalog and retail shoppers