Some more details on the iVillage acquisition by NBC Universal, and IVIL’s deal with Hearst and how it will change, in iVillage’s 10-K annual report, filed with SEC earlier this week.
Among other things, if I understand this correctly, the iVillage-Hearst website services agreement (under which IVIL takes care of Hearst websites), would automatically terminate six months following completion of the acquisition (expected in Q2 of this year). Earlier ti was supposed to expire in July 2007.
Also from 10-K, if the acquisition does not go through for some reason, iVillage may be required to pay NBC Universal a termination fee of $23.5 million. And the investment banker’s fee, of course: iVillage’s banker was J.P. Morgan Securities and will earn $7.1 million upon completion of the merger.
For our coverage of the deal, read the dedicated iVillage section
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