After careful evaluation, the MIVA Board believes that blinkx's proposal significantly undervalues MIVA's assets, including our technology, brand recognition and network," said Larry Weber, MIVA's Chairman of the Board.
In a letter to MIVA CEO Peter Corrao and Chairman Larry Weber, Suranga Chandratillake, the CEO and Founder of blinkx wrote, "blinkx believes that a combination of the two companies would be mutually beneficial to both companies' shareholders...
Larry Weber, Chairman Online video search engine blinkx has sent a letter to digital advertising company MIVA, seeking to acquire it for $1.20 per share. Yesterday's closing price for MIVA stock, which trades on the NASDAQ, was $0.78.
Corrao, previously chief operating officer, as chief executive officer, and said that Larry Weber, a director on the MIVA board, has assumed the position of non-executive chairman. Miva announced this evening that founder, Chairman and Chief...
