IQ News: Bits | Adweek IQ News: Bits | Adweek
Advertisement

IQ News: Bits

Advertisement

-Superportal Yahoo!, Santa Clara, Calif., last week said it would acquire Dallas-based netcaster Broadcast.com, ending weeks of media speculation. The deal, set to close third quarter, will be made in a $5.6 billion stock swap, with options. The acquisition comes on the heels of Yahoo!'s January purchase of online community builder GeoCities. The merger of the two companies is the latest in a series of Net mega-mergers, including Home and Excite and America Online and Netscape. Yahoo! will announce quarterly earnings Wednesday.

-Fox Sports Online, New York, launched GameTracker yesterday. The technology, sponsored by Toyota USA, Torrance, Calif., and 3dfx, San Jose, Calif., provides streaming audio and video with multiple camera angles and instant replays, plus weather reports, player tracking and statistics.

-CNet, San Francisco, added ClubComputer and Virtual World to its roster of premiere merchants, which get key placements on the CNet network and pay the publisher for specific promotions and sales leads. In addition, Egghead.com and Hardware Street renewed their agreements. Other preferred merchants include Beyond.com, Computers-4-Sure, Computer Discount Warehouse, PC Mall and Buy.com.

-Precision Entertainment, Culver City, Calif., a provider of e-commerce solutions for entertainment sports and lifestyle companies, received $5 million in equity financing. Individual investors include Michael Fuchs, former CEO of Home Box Office; Frank Biondi, former president and CEO of Viacom and Universal Studios; Steve Perlman, founder and president of WebTV; and Avi Arad, founder and CEO of ToyBiz and CEO of Marvel Entertainment, among others.

-Big Entertainment, Boca Raton, Fla., will acquire Ridgefield, Conn.-based CinemaSource, which provides movie showtime listings to Internet portals and Web sites including Yahoo!, Microsoft Network, Excite, GO Network, CitySearch, and Zip2. Data will also be included on the planned online movie ticketing service of hollywood.com, a movie information Web site that BigE is acquiring from Times Mirror.