Tech Company M&A Transactions
NextWeb Acquisition
On 2/21/2006, NextWeb was acquired by Covad Communications Group. Covad Communications Group said the transaction price was $3.9 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/21/2006
Transaction Type
M&A
Amount
$3,900,000
M&A Terms
Covad will pay approximately $3.9 million in cash and issue approximately 16 million Covad shares in the transaction.
Company Information
Company Status
Acquired or Merged
Industry
Telecom
Mailing Address
130 Rio Robles
San Jose, CA 95134
USA
San Jose, CA 95134
USA
Phone
Website
Email Address
Not Recorded
Overview
NextWeb, based in Fremont, California, delivers business-class broadband service to small and medium-sized businesses at speeds up to 100 megabits per second (Mbps), complementing Covad's existing portfolio of data solutions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Graham Barnes
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