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Breaking News: Gartner Will Pay 54% Premium To Buy Out META Group For $162M
Consolidation in the Technology Space Moves to Research and Consultancy

"This transaction is an exciting opportunity that will give us increased depth in key sectors, geographies and markets, and an increased ability to seize revenue opportunities," said Gene Hall, Gartner Inc's chief executive, in a statement accompanying the news that Gartner has agreed to pay $162 million for IT consultancy and research rival META Group.

Gartner and META Group "share complementary business models," Hall added, "which will allow easy integration of Meta Group's offerings into Gartner's existing services portfolio."

According to early Reuters reports, Gartner said it would acquire META for $10.00 per share in cash, which represents a 54 percent premium over META's closing share price of $6.48 on Thursday on Nasdaq.

Both companies are based in Stamford, Connecticut.

Gartner's revenue in 2003 was $858M, compared with revenue of $122M for META. Reuters notes that Gartner intends to finance the acquisition "with its cash on hand, as well as borrowings under its existing line of credit" and that the deal "is not expected to have a material impact on 2005 operating results, excluding charges related to integration of META."

About Jeremy Geelan
Jeremy Geelan is Chairman & CEO of the 21st Century Internet Group, Inc. and an Executive Academy Member of the International Academy of Digital Arts & Sciences. Formerly he was President & COO at Cloud Expo, Inc. and Conference Chair of the worldwide Cloud Expo series. He appears regularly at conferences and trade shows, speaking to technology audiences across six continents. You can follow him on twitter: @jg21.

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Reader Feedback: Page 1 of 1

One less outfit for MS to influence, wasn't it always Meta that brought out those reports saying Windows is cheaper than Linux? For only $162M it's amazing MS didn't just buy Meta up itself!




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