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NEW YORK SBI and Company said that it has completed its $8.5 million acquisition of once-high-flying interactive agency Razorfish.
In November, the Salt Lake City-based e-business roll-up agreed to acquire Razorfish for about $8.5 million, or $1.70 per publicly held share [IQ Daily Briefing, Nov. 25, 2002]. As a result of the merger, Razorfish is now wholly owned by SBI and its shares are no longer traded on the Nasdaq.
Founded in 1995 by Jeff Dachis and Craig Kanarick, Razorfish came to exemplify the arrogance and excessiveness associated with the go-go days of the late ’90s.
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