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:
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

AOL Mobile Advertising Goes Native

AOL Mobile Advertising Goes Native

The company expands rollout of a native ad unit that will extend to its premium sites and those of up to 20,000 other publishers.

Delivering a Digital Experience That Counts

Delivering a Digital Experience That Counts

Three areas to master to deliver a digital experience that will gain greater customer engagement.

News Byte: Google Adds Upgrades to AdWords

News Byte: Google Adds Upgrades to AdWords

Rolling out over the next few months will be tools for mobile app engagement, automated bidding, and A/B testing.