TravelSite - 11:58 am on Jun 18, 2003 (gmt 0) Sounds a good move all round for Espotting and Findwhat.
Reading the above links it looks like FindWhats existing share holders will own 70% of the new company, while Espotting Shareholders will own about 30%. Seems a good move - Espottings founders get paid nicely from the deal, and (along with its shareholders) retain a large stake in the new company. Espottings Shareholders can now reach into the US, FindWhat Shareholders extend now reaches into Europe. And Espotting doesn't really "sell out" as such to Yahoo or Overture (which I'm sure its founders will be happy about).
Sounds a good move all round for Espotting and Findwhat.