Engage acquires Asian ad network

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Online ad network and ad-serving company Engage Inc., a majority-owned operating company of CMGI, acquired Space Asia Media, an Asian online ad network, in an all-stock transaction. Space represents 270 Asian Web publishers and claims it serves more than 140 ad impressions monthly. Space will become Engage Asia; Colin MacIntosh, CEO of Space, will be president of Engage Asia. Financial terms were not disclosed.

Copyright August 2000, Crain Communications Inc.

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