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Vivendi's Flipside to Buy Uproar for $140 Million NEW YORK, Feb 6 (Reuters) - Flipside Inc., a unit of Vivendi Universal (NYSE:V - news), on Tuesday said it bought Uproar Inc. (NasdaqNM:UPRO - news) for about $140 million in cash, allowing the company to offer interactive games on its online networks. Flipside said it will start a tender offer by Feb. 20 for Uproar's outstanding stock, valuing the company at $3 a share. The deal, which has been approved by the boards of both companies, will create a combined company with an expected $70 million in 2001 revenues. Agnes Touraine, chief executive of Flipside's parent company Vivendi Universal Publishing, said the combined entity should be profitable by the end of the year. Flipside said it expects the tender offer to close by the end of March.
Uproar shares closed at $2 in trading on the Nasdaq, well below their
52-week high of $35 and above a yearly low of 3/4.
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