This company financial tombstone or deal toy commemorates the February 3, 2000 event where NBC Internet, Inc. completed a follow on offering of their Class A common stock and issued 4,600,000 shares at a price of $81.38 per share. Concurrent with the follow-on offering, there was also a public offering of hybrid equity securities known as Trust Automatic Common Exchange Securities, or TRACES, by the NBCi Automatic Common Exchange Securities Trust, which issued 1,250,000 of these securities to the public.
About NBCi Internet, Inc.:
NBCi Internet, Inc. was an integrated Internet media company headquartered in the San Francisco Bay Area that combined portal, community, online and on-air advertising, and e-commerce services designed to deliver a comprehensive, next-generation online experience to a domestic audience under a nationally recognized brand name. NBCi was created in 1999 when NBC merged several of its Internet assets with Xoom.com Inc. and CNET Networks Inc.’s Snap.com unit. In April 2001, NBC bought the remaining equity stake in NBCi from Zoom.com and Snap.com and integrated all its assets.
The date for this combination was November 1999 and Hambrecht & Quist acted as financial advisor to Xoom.com, Inc.
This company deal toy or financial tombstone commemorates the September 1997 event of Fujitsu Limited acquiring Amdahl Corporation. Lehman Brothers acted as financial advisor to Fujitsu Limited in the transaction and as dealer manager in the tender offer.