Xceed acquires methodfive for $75 million

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Xceed, New York, which develops e-business strategies, acquired methodfive, a Web development company that creates online businesses, for $75 million; $70.5 million was in stock and $4.5 million was in cash. Methodfive clients include the Economist Group, the New York Times Corp., Warner-Lambert Co., Fox Networks, BBC Worldwide, Oxford Health Group, CDnow and E.W. Scripps Co.

Copyright February 2000, Crain Communications Inc.

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