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TechWeb: VA Linux Completes Purchase Of Andover.Net

Jun 07, 2000, 23:19 (0 Talkback[s])
(Other stories by Ken Schachter)

"VA Linux Systems completed its purchase of Andover.Net, which runs a network of Internet sites with a cult-like following devoted to the Linux operating system, such as Slashdot.org."

"Terms of the acquisition call for each share of Andover.Net stock to be exchanged for 0.425 of a share of VA Linux Systems, making the deal worth about $107 million."

"Both companies first saw their stock prices skyrocket after hugely successful IPOs and then fall back to earth."

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