M&A Deal Summary

ModusLink Global Solutions Acquires AltaVista

On June 29, 1999, ModusLink Global Solutions acquired internet software and services company AltaVista from Compaq Computer for 2.3B USD

Acquisition Highlights
  • This is ModusLink Global Solutions’ 2nd transaction in the Internet Software and Services sector.
  • This is ModusLink Global Solutions’ largest (disclosed) transaction.
  • This is ModusLink Global Solutions’ 2nd transaction in the United States.
  • This is ModusLink Global Solutions’ 2nd transaction in California.
Investment Fate
  • AltaVista was divested to a consortium of strategic buyers in 2003 for 140M USD.

M&A Deal Summary
Date 1999-06-29
Target AltaVista
Sector Internet Software and Services
Buyer(s) ModusLink Global Solutions
Sellers(s) Compaq Computer
Deal Type Divestiture
Deal Value 2.3B USD

Target

AltaVista

Palo Alto, California, United States
website
AltaVista was a search engine that was widely used in the early stages of the internet. It was formed in 1995 and was shut down in 2013.

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Buyer(S) 1

Buyer

ModusLink Global Solutions

Waltham, Massachusetts, United States

website

Category Company
Founded 1986
Sector Transportation
Employees2,500
Revenue 561M USD (2015)
DESCRIPTION

ModusLink Global Solutions Inc. is a supply chain and logistics services that are designed to improve clients’ revenue, cost, sustainability and customer experience objectives.

DEAL STATS #
Overall 2 of 5
Sector (Internet Software and Services) 2 of 3
Type (Divestiture) 1 of 1
State (California) 2 of 2
Country (United States) 2 of 5
Year (1999) 2 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-02 Internet Profiles

Redwood City, California, United States

Internet Profiles Corporation was a web analytics company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-01 Tribal Voice

Woodland Park, Colorado, United States

Tribal Voice, Inc. is a provider of co-branded instant messaging and interactive communications solutions.

Buy -

Seller(S) 1

SELLER

Compaq Computer

Houston, Texas, United States

website

Category Company
Founded 1982
Sector Technology Hardware
Employees63,700
DESCRIPTION

Compaq Computer Corporation is a provider of enterprise technology and solutions. Compaq designs, develops, manufactures and markets hardware, software, solutions and services, including enterprise storage and computing solutions, fault-tolerant business-critical solutions, communication products, and desktop and portable personal computers that are sold in more than 200 countries.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-16 Zip2

Palo Alto, California, United States

Zip2 helps develop, host, and maintain consumer Web sites specifically for media companies.

Buy $307M
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