United Internet Buys Web.de for $252 Million Plus Stock

United Internet, one of Germany’s biggest ISP and portal companies, has bought out the assets of Web.de, and will relaunch it as a communications portal. The price: EUR200 million (about $252 million) as well as 5.8 million shares of United Internet.

Alternatively, should specific conditions apply, an amount of 2 million United Internet shares and an additional cash sum of EUR100 million can be paid instead of the 5.8 million shares.

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