Mail.com Inc. and NetMoves Corp. have signed an agreement to merge, probably in the spring of 2000. The transaction will be in stocks. NetMoves stockholders will receive 0.385336 shares of Mail.com Class A common stock for each share of NetMoves common stock. The value of the transaction is estimated at $173 million.Mail.com specializes in Internet messaging services, while NetMoves provides Internet
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Mail.com Inc. and NetMoves Corp. have signed an agreement to merge, probably in the spring of 2000. The transaction will be in stocks. NetMoves stockholders will receive 0.385336 shares of Mail.com Class A common stock for each share of NetMoves common stock. The value of the transaction is estimated at $173 million.
Mail.com specializes in Internet messaging services, while NetMoves provides Internet fax. Mail.com's customers include NBC, Time Warner, and CBS Sportsline. NetMoves' customers include Disney, The New York Times, and Yahoo!
