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Article: SportsLine USA, Inc. Acquires Golf Club Trader, Inc.
- Article from:
- Business Wire
- Article date:
- June 3, 1999
CopyrightCOPYRIGHT 1999 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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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--June 3, 1999--
SportsLine USA, Inc. (Nasdaq:SPLN), the leading global Internet sports media company, announced today that as of May 31, 1999, it has completed the acquisition of Golf Club Trader, Inc. a privately-held Internet retailer specializing in the buying, selling and trading of used, pro-line golf equipment through its online service (www.golfclubtrader.com).
SportsLine acquired Golf Club Trader, Inc. in exchange for $7 million of SportsLine USA common stock (approximately 200,000 shares). The acquisition will be accounted for under the "pooling-of-interests" method. Golf Club Trader will be integrated ...