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FindWhat said the total deal values Espotting at about $170m based on last Friday's closing stock prices. It is expected to close in the third quarter.
Doubts been cleared
some more here [reuters.com...] [dmnews.com...]
After its audit, FindWhat said Espotting lost $12 million in the year before the merger and $7 million in the last nine months of 2003.
I'm no expert, but it looks like a weird deal.
[edited by: ncw164x at 1:10 am (utc) on Feb. 11, 2004]
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