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USWeb/CKS completes purchase of Mitchell Madison Group

Published on .

San Francisco--USWeb/CKS, an Internet strategy consulting firm, has completed its acquisition of New York-based Mitchell Madison Group, a b-to-b e-commerce consulting firm. Under the terms of the acquisition, USWeb/CKS will issue approximately 14.4 million shares of USWeb stock for all equity shares of MMG. Based on USWeb/CKS' closing stock price Friday of $22.88, the shares would be worth $329 million. MMG's client base is mainly composed of financial services and telecommunications companies.
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