Xconomy Boston

GSI Commerce Acquires e-Dialog for $157,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=257b0821-372f-483e-b6d9-88b3fdc7095f&Preview=1
Date
1/24/2008
Company Name
e-Dialog
Mailing Address
131 Hartwell Avenue Lexington, MA 02421
Company Description
e-Dialog is the proven provider of advanced e-mail marketing and database technologies, products, strategies, and services for permission-based e-mail marketers. Whether clients are looking for a full-service, self-service or collaborative relationship, we have the solutions to meet their needs.
Website
http://www.e-dialog.com
Transaction Type
M&A
Transaction Amount
$157,000,000
Transaction Round
Proceeds Purposes
M&A Terms
GSI will acquire privately held e-Dialog for $157 million, including cash of $147.8 million and restricted shares of GSI Commerce valued at $9.2 million. In addition, GSI Commerce will be obligated to make an additional cash payment of $750,000 in fiscal 2009 if net revenue targets are achieved in fiscal 2008.