> http://biz.yahoo.com/bw/000628/ca_yahoo.html
>
> Wednesday June 28, 7:56 am Eastern Time
>
> Company Press Release
> Yahoo! to Acquire eGroups
> Yahoo! to Enhance Communication Services by Enabling People to Easily
> Create, Join, and Manage Email Groups
>
> SANTA CLARA, Calif.--(BUSINESS WIRE)--June 28, 2000--Yahoo! Inc.
> (Nasdaq:YHOO - news), a global Internet communications, commerce and
media
> company, today announced it has signed a definitive agreement to acquire
> eGroups, Inc., an email group communication service that makes sharing
> interests, collaborating, and exchanging ideas among many people via
email
> easy and efficient.
> The acquisition combines the Web's largest online community with a
leading
> provider of email group communications. The combination of these two
> companies supports Yahoo!'s goal to be the only place anyone has to go to
> find and get connected to anything or anyone, giving Yahoo!'s community
of
> 145 million consumers powerful new ways to communicate one-to-one,
> one-to-many, and many-to-many. As a key element of Yahoo!'s overall
business
> strategy to expand essential communication tools to users, the eGroups
> acquisition will enable Yahoo! to tightly integrate group email services
> throughout the Yahoo!® network of properties.
> ``The addition of eGroups' technology and resources strengthens the
> communication services Yahoo! currently provides users and gives them
more
> ways to stay in touch with other individuals. The ability to create,
manage,
> and join email groups is something our users have been asking for, and
this
> acquisition delivers this capability to them easily and rapidly,'' said
Jeff
> Mallett, president and chief operating officer of Yahoo!. ``In addition
to
> an established global presence, eGroups has amassed 17 million loyal
members
> who have created more than 800,000 active email groups. We are looking
> forward to introducing Yahoo!'s personalized, integrated services to
> eGroups' community of worldwide users.''
> eGroups' easy-to-use service will complement Yahoo!'s global
communications
> platform, one of the largest in the world which handled more than 3.6
> billion messages in the month of March 2000. The addition of eGroups to
> Yahoo!'s comprehensive suite of communications services, including Yahoo!
> Clubs, Yahoo! Mail, and Yahoo! Messenger, will further Yahoo!'s goal to
give
> users everything they need to communicate and organize their lives in one
> centralized online location. Yahoo!'s integrated communications services
> currently offer individuals a wide range of options, including the
ability
> to send messages and alerts to and from wireless devices such as cell
> phones, pagers and personal digital assistants. Yahoo! also plans to
> integrate this service into its recently announced Corporate Yahoo!, a
> customized enterprise information portal based on the widely used My
Yahoo!
> interface.
> ``Combining our expertise in email group communications with Yahoo!'s
> position as one of the Web's leading global branded networks allows us to
> make our service accessible to the Web's largest online audience,'' said
> Michael Klein, president and chief executive officer of eGroups. ``Group
> email is one of the fastest-growing Internet categories and is likely to
> touch the lives of virtually anyone with an email address. This
acquisition
> by Yahoo! supports our mission to deliver the world's largest, easiest
and
> most comprehensive group communications platform.''
> Under the terms of the acquisition agreement, Yahoo! will issue
> approximately 3,428,136 shares of Yahoo! common stock in exchange for all
> outstanding eGroups shares, options, and warrants. The acquisition,
which is
> subject to the approval of eGroups' stockholders and regulatory approval,
> will be accounted for as a pooling of interests and is expected to be
> completed in the third quarter. Yahoo! expects to record a one-time
charge
> during the third quarter of 2000 relating to expenses incurred in
connection
> with the transaction.
> eGroups, Inc. is a widely used email group communications platform on the
> Internet. The eGroups service enables members to easily create, join, and
> manage email groups focused on personal and business interests.
> Complementing the core service is a set of integrated Web-based group
> communication features such as group calendars, file sharing, polling and
> email archives. The company serves more than 17 million members and hosts
> over 800,000 active email groups. The eGroups Web site was ranked No. 13
> among Web Services companies by Media Metrix in May 2000. eGroups is
based
> in San Francisco and Redwood City, California.
> About Yahoo!
> Yahoo! Inc. is a global Internet communications, commerce and media
company
> that offers a comprehensive branded network of services to more than 145
> million individuals each month worldwide. As the first online
navigational
> guide to the Web, www.yahoo.com is the leading guide in terms of traffic,
> advertising, household and business user reach, and is one of the most
> recognized brands associated with the Internet. The company also provides
> online business services designed to enhance the Web presence of Yahoo!'s
> clients, including audio and video streaming, store hosting and
management,
> and Web site tools and services. The company's global Web network
includes
> 22 local World properties outside the United States. Yahoo! has offices
in
> Europe, the Asia Pacific, Latin America, Canada and the United States,
and
> is headquartered in Santa Clara, Calif.
> This announcement contains forward-looking statements that involve risks
and
> uncertainties including the ability to successfully integrate the two
> companies, and to realize the synergies and other perceived advantages
> resulting from this acquisition, including Yahoo!'s ability to grow its
user
> and advertiser bases and to achieve expectations for anticipated
financial
> results based on the combined entity. More information about potential
> factors that could affect Yahoo!'s ability to make this acquisition
> successful and continue to grow the business are included in Yahoo!'s
Annual
> Report on Form 10-K for the fiscal year ended Dec. 31, 1999 and Yahoo!'s
> quarterly report on Form 10-Q for the three-month period ended March 31,
> 2000 including, without limitation, under the captions, ``Management's
> Discussion and Analysis of Financial Condition and Results of
Operations,''
> ``Risk Factors,'' ``Competition,'' and ``Proprietary Rights,'' which are
on
> file with the Securities and Exchange Commission (http://www.sec.gov).
>
>
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