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Article: NBC Universal Completes Acquisition of iVillage Inc.
- Article from:
- Business Wire
- Article date:
- May 15, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- NBC Universal, Inc. and iVillage Inc. (NASDAQ:IVIL) today announced that NBC Universal has completed its acquisition of iVillage, one of the nation's most successful online destinations for women. The acquisition received stockholder approval at a special meeting of iVillage stockholders on May 12, 2006.
Under the terms of the merger agreement, NBC Universal acquired all outstanding shares of iVillage Inc. Common Stock for $8.50 per share. iVillage Common Stock will cease trading at the close of market today and will no longer be listed on the NASDAQ National Market. Holders of iVillage Common Stock will receive $8.50 in cash for each share of ...