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iVillage acquires FamilyPoint.com

Published on .

Online women's network iVillage acquired FamilyPoint.com, an online meeting place for families, friends and groups with similar interests. Under terms of the agreement, iVillage will pay approximately $26 million (including approximately 550,000 shares of iVillage Common Stock and the remainder in cash) for FamilyPoint.com, subject to a maximum increase of $5 million if certain performance thresholds are reached.

Copyright September 1999, Crain Communications Inc.

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