Jupiter Media Metrix, Inc. will sell its research and events operations to INT Media Group Inc. for $250,000. Under the terms of the agreement, INT Media will also assume responsibility for some of the businesses debts.
The deal is expected to close July 31, and is subject to Jupiter stockholder approval. INT has assumed responsibility for running the research and events businesses, and is in the process of structuring a management agreement. Kurt Abrahamson, Jupiter Research’s president, will continue to lead the organization.
INT Media provides news, information and media resources to Internet-based firms and information technology professionals. Jupiter Media Metrix offers industry-specific analysis, competitive insight and strategic advice to businesses wishing to exploit new technologies and businesses processes.
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