| 1. |
America Online, Inc. |
Time Warner Inc. |
$164 billion all stock merger; Combined revenue of the renamed AOL Time Warner will exceed $30 billion; Rev. $27.3 billion, op. income $6.0 billion, net income $1.9 billion |
| 2. |
Tribune Co. |
Times Mirror Co. |
$6.38 billion; Major media company with extensive print and broadcast properties; Rev. $3 billion, op. profit $470.5MM |
| 3. |
CanWest Global Communications Corp. (Canada) |
Hollinger International Inc. (Canada) |
$3.5 billion ($2.2 billion cash, $600MM in stock, plus additional stock options) for 100% of Hollinger's metropolitan newspaper operations, Canadian Internet properties, magazine group, most of its community publishing operations and 50% ownership in the National Post |
| 4. |
Pearson |
National Computer Systems Inc. |
$2.5 billion; Provider of educational testing services; FYE 1/29/00 rev. $630MM, op. income $70MM |
| 5. |
Havas Advertising (Vivendi) |
Snyder Communications Inc. |
$2.1 billion in stock; Advertising and public relations; Subsidiaries include Arnold Communications, Brann Worldwide and Bounty SCA Worldwide |
| 6. |
CNET Networks Inc. |
Ziff-Davis Inc. and ZDNet |
$1.6 billion in stock; Trade publisher and Internet site on the hi-tech market |
| 7. |
Boeing Company |
Tribune Company |
$1.5 billion for Jeppesen Sanderson, Inc.; Flight information services provider; Rev. $235MM, and approx. op. profit $56MM |
| 8. |
DLJ Merchant Banking Partners (Donaldson, Lufkin & Jenrette) and Advanstar management |
Advanstar, Inc. (Hellman & Friedman Capital Partners III) |
$900MM in cash and assumption of debt; Tradeshow, publishing and marketing services company; Rev. $356MM, EBITDA $94MM |
| 9. |
Thomson Corp. |
Primark Corp. |
$842MM plus assumption of $235MM in debt; Business and financial publisher whose properties include EDGAR Direct and Primark Decision Economics; 1999 rev. $495MM, op. income $16.9MM |
| 10. |
Thomson Corp. |
Sylvan Learning Systems |
$775MM for Sylvan Prometric; Computer-based testing business; Rev. $232MM |
