USWeb/CKS, Whittman to merge

Published on .

USWeb/CKS, San Francisco, agreed to merge with Whittman-Hart, Chicago, in a stock swap that will create an Internet professional services giant with a market capitalization of $14 billion, based on Dec. 10 closing prices. The merged company, which will take a new name, will be based in Chicago. Whittman-Hart Chairman-CEO Robert Bernard will be president-CEO; USWeb CEO Robert Shaw will be chairman. Whittman-Hart technically is buying USWeb, but USWeb shareholders will own 57% of the company. USWeb ranks No. 1 on Advertising Age's Interactive 100 list of interactive marketing agencies. Whittman-Hart, which was founded in 1984 and recently bought Chicago Web shop Four Points Digital, is an Internet technology services provider focused on small and midsize companies. The combined entity, with 8,000 professional employees, will be poised to offer a range of technology, consulting and creative services across e-business.
In this article:
Most Popular