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Home > Company Index > Financial Services > Venture Capital Firms > Yazam.com, Inc.
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Yazam.com, Inc. |
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NEWS FROM THE STANDARD |
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Deal Watch
May 01 2000 12:00 AM PDT
PROFILE |
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Shazam! Troubled incubator Yazam.com has found a savior. The early-stage Internet and technology investor had fallen on hard times with the downturn in Internet stocks and was under pressure from Texas Pacific Group, its largest stakeholder, to shut down and distribute its assets to investors. The firm instead found a buyer: U.S. Technologies, an incubator that was once a prison labor outsourcing concern. The buy would include Yazam's portfolio of some 25 investments in Israeli, US, and European Internet startups, including CoreMarkets, a metals online trading exchange and GammaSite, an Israeli search engine. Early investors in Yazam include J.P. Morgan Chase & Co., Merrill Lynch, and The Carlyle Group.
DEALS |
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Deal: U.S. Technologies to Acquire Yazam
Date Announced: 03.01.01
Value of transaction (US $Mil): 22
Description: Internet incubator traded on the over-the-counter stock exchange agrees to buy rival for $22 million in cash plus shares.
> Search all deals for this company
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KEY PEOPLE |
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Bernie Siegel
CEO
CONTACT INFO |
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35 W. 35th St., 11th Fl.
New York, NY 10001
US
Phone: 212-239-7945
Fax: 212-239-7929
Online: Web Site
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