SBI Completes Razorfish Acquisition

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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.

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