Advertisement

TECHNOLOGY - Sept. 3, 1998

Share

* USWeb Corp. agreed to buy CKS Group Inc. for $21.66 a share, or $344.4 million in stock, as the biggest Internet consulting company aims to broaden its expertise in multimedia marketing. USWeb would exchange 1.5 shares for each of CKS’ 15.9 million diluted shares outstanding. That values CKS at 53% more than Tuesday’s close. The new company would be called Reinvent Communications Inc. Cupertino-based CKS is the No. 3 interactive media company. In Nasdaq trading, CKS shares rose $1.13 to close at $15.25, while Santa Clara-based USWeb shares fell $2.13 to $12.31.

Advertisement