Internet media and technology company 24/7 Media Inc., New York, has agreed to acquire Exactis.com Inc., in a stock-for-stock transaction valued at approximately $490 million.The transaction is subject to certain conditions, including regulatory approval and stockholder approval, and is expected to close in the second quarter of 2000.Exactis.com provides permission-based e-mail marketing and communications
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Internet media and technology company 24/7 Media Inc., New York, has agreed to acquire Exactis.com Inc., in a stock-for-stock transaction valued at approximately $490 million.
The transaction is subject to certain conditions, including regulatory approval and stockholder approval, and is expected to close in the second quarter of 2000.
Exactis.com provides permission-based e-mail marketing and communications outsourcing services and delivers more than 10 million e-mail marketing and communication messages per day for clients in e-commerce, media and financial services.
The combined organization will have 250 Internet software engineers on staff.
