YouthStream Media Networks Inc., New York, acquired Teen.com for $6 million in YouthStream common stock. YouthStream will issue 943,709 unregistered shares, none of which can be sold for one year.
Teen.com is a Web site catering to 13- to 19-year-olds. The site delivers over 57 million page views and more than 2.4 million monthly visits in May 2000 alone.
YouthStream has also formed a strategic partnership with the China Educational Software Alliance and Chine New Start Basic Education Research Institute to establish an Internet educational portal in the People’s Republic of China.
Network
