CDNow, N2K Merger to Finish in 1999

Share this article:
Internet music retailers CDNow (www.cdnow.com), Jenkintown, PA, and N2K (wwwmusicblvd.com), New York, are expected to complete their recently announced merger by early next year. The new company, which initially will be called CDNow/N2K Inc., is subject to the approval of shareholders from both companies. The merger will give them a customer base totaling more than 1.2 million.


Together, the companies will offer more than 500,000 items. Existing N2K shareholders will receive .83 shares of common stock in the new company for each N2K share they own, while CDNow shareholders will receive 1 share of common stock for each CDNow share they own.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Target Better With Facebook, Sandberg Tells Marketers

Target Better With Facebook, Sandberg Tells Marketers

In earnings call, the COO claims Facebook is 44% more accurate than the industry average at targeting and promises increasing investment in ad tech.

Day One on the DMA2014 Show Floor

Day One on the DMA2014 Show Floor

Sprouting from the Direct Marketing Association convention today were retargeting refinements, rules for breach behavior, and, yes, some darn fine Brussels sprouts.

Customer Identity in the Digital Age

Customer Identity in the Digital Age

Industry experts explore the value in a person's cyber identity for marketers.