CKS Group to be acquired by USWeb in deal valued at about $340 million

Article Abstract:

USWeb Corp. has reached an agreement to acquire CKS Group for approximately $340 million. The deal entails an exchange of stock. Both firms have different fields of Internet expertise. USWeb's expertise is in technology. CKS' is in marketing services. The two firms will call their merged entity Reinvent Communications. They will also no longer use their current names.

Comment:

USWeb Corp. reaches agreement to acquire CKS Group for approximately $340 million

Asset sales & divestitures, Acquisitions & mergers, Computer Systems Design and Related Services, Contract Software & Services, Advertising Agencies, Software support services, USWeb Corp., CKS Group Inc., Article

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World Wrestling says net took a beating in second quarter

Article Abstract:

World Wrestling Federation Enterntainment Inc. posted a drop of 49% in its earnings for the second-quarter ending October 26, 2001. The company posted $4.8 million in quarterly net income due to a decline of interest in its television shows.

Sales, profits & dividends, All Other Amusement and Recreation Industries, Amusement and recreation, not elsewhere classified, Recreation NEC, Finance, Leisure industry, Recreation, World Wrestling Entertainment Inc., WWFE

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Levi reviews auditing positions

Article Abstract:

Levi Strauss and Co. has hired another external counsel to probe into accounting and tax shelter charges against the firm. Two former executives who were fired filed the charges against Levi.

Legal issues & crime, Accounting Methods, Other Financial Vehicles, Investors, not elsewhere classified, Legal/Government Regulation, Tax Shelter Investment Svcs NEC, Company legal issue, Cases, Investigations, Accounting, Clothing industry, Levi Strauss & Co., Tax shelters, Textile and clothing industry software

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