, a New York-based digital solutions agency, acquired Medialab AG, a Munich, Germany e-business solutions provider. The company will be renamed Razorfish Munich; all 55 Medialab employees will join Razorfish. The acquisition is valued at approximately $9.4 million. Razorfish will issue 446,080 shares of common stock and make a cash payment of approximately $1.4 million.
Copyright August 2000, Crain Communications Inc.