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Re: Westwood One, Inc. to Acquire SmartRoute Systems, Inc

Not a big shocker, though..Last April, Shadow and SmartRoutes already
agreed to form a strategic alliance....

--- Kevin Vahey <kvahey@mediaone.net> wrote:
> And the big get bigger....
> http://www.businesswire.com/cgi-bin/f_headline.cgi?bw.061300/201650288&ticke
> r=WON
>     CAMBRIDGE, Mass.--(BUSINESS WIRE)--June 13, 2000--Westwood One, Inc.
> (NYSE: WON) and affiliates of Sandler Capital Management today announced a
> definitive agreement by which Westwood One will acquire the operating assets
> of SmartRoute Systems.
>     The acquisition will allow Westwood One to utilize the technology
> developed by SmartRoute to expand its delivery of local traffic and other
> related content via new and emerging technologies, as well as to enhance the
> services currently provided by SmartRoute to various government agencies.
> SmartRoute's technology, combined with Westwood One's traffic content
> available through its Metro Networks/Shadow Broadcast Services subsidiaries,
> will enable Westwood One to provide its content to new media outlets
> including the Internet, wireless and in-vehicle markets. The completion of
> the transaction is subject to certain closing conditions, including the
> expiration of the Hart-Scott-Rodino waiting period.

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