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
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
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
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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