iVillage Inc. Stockholders Approve Acquisition by NBC Universal, Inc.
13 May 2006 - 12:36AM
PR Newswire (US)
NEW YORK, May 12 /PRNewswire-FirstCall/ -- iVillage Inc.
(NASDAQ:IVIL) today announced that its stockholders approved the
proposed merger of iVillage with a wholly-owned subsidiary of NBC
Universal, Inc. at a special meeting of the iVillage stockholders.
The merger was approved by 74% of the shares outstanding and 97% of
the shares voting. The closing of the acquisition is expected to
take place on May 15, 2006. About iVillage Inc. iVillage is "the
Internet for women" and consists of several online and offline
media-based properties that seek to enrich the lives of women,
teenage girls and parents through the offering of unique content,
community applications, tools and interactive features. iVillage
Inc. (NASDAQ:IVIL) was established in 1995 and is headquartered in
New York City. For more information on iVillage please visit
http://www.ivillage.com/. Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: iVillage Inc. has
included in this press release certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995 concerning the acquisition of iVillage by NBC Universal, as
well as iVillage's business, operations and financial condition.
The words or phrases "can be," "expects," "may affect,"
"anticipates," "may depend," "believes," "estimates," "plans,"
"projects" and similar words and phrases are intended to identify
such forward-looking statements. These forward-looking statements
are subject to various known and unknown risks and uncertainties
and iVillage cautions you that any forward-looking information
provided by or on behalf of iVillage is not a guarantee that the
acquisition will be consummated, or a guarantee of future results,
performance or achievements. Actual results could differ materially
from those anticipated in these forward-looking statements due to a
number of factors, some of which are beyond iVillage's control. In
addition to those risks discussed in iVillage's other press
releases, public filings and statements by iVillage's management,
factors that may cause iVillage's actual results, performance or
achievements to differ materially from any future results,
performance or achievements expressed or implied in such forward
looking statements include: (i) the volatile and competitive nature
of the Internet industry and the media industry, (ii) changes in
domestic and foreign economic, political and market conditions,
(iii) the effect of federal, state and foreign regulation on
iVillage's business, (iv) the impact of recent and future
acquisitions and joint ventures on iVillage's business and
financial condition, (v) iVillage's ability to establish and
maintain relationships with advertisers, sponsors, and other
third-party providers and partners, (vi) iVillage's ability to
maintain or increase user traffic levels, (vii) the loss of one or
more of iVillage's major customers, (viii) the effect of seasonal
fluctuations in traditional online advertising purchasing patterns
on iVillage's results of operations and (ix) the impact of pending
litigation on iVillage's business, results of operations and
financial condition. All such forward-looking statements are
current only as of the date on which such statements were made.
iVillage does not undertake any obligation to publicly update any
forward-looking statement to reflect events or circumstances after
the date on which any such statement is made or to reflect the
occurrence of unanticipated events. DATASOURCE: iVillage Inc.
CONTACT: Carl R. Fischer IV of iVillage Inc., +1-212-600-6502 Web
site: http://www.ivillage.com/
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