Jupitermedia Buys ArtToday in $13 Million Deal
Posted on July 2, 2003
Jupitermedia Corporation announced that it has signed a definitive agreement to acquire all of the shares of ArtToday, Inc. from International Microcomputer Software, Inc. for $13.0 million in cash, 250,000 restricted shares of Jupitermedia common stock and an earn-out that could result in an additional $4.0 million in cash consideration over the next two years. The transaction is expected to close by June 30, 2003 and is subject to customary closing conditions.
ArtToday, Inc. offers paid online subscriptions for photographs, clipart, Web graphics, animations and fonts.