Terra Acquires Infosel In $300 Million Deal; Files Plans For IPO
ORGANIZATION & MANAGEMENT
MEXICO--Informacion Selectia, S.A. (Infosel), a provider of real-time news and market data services on the Mexican market, has been acquired by Terra Networks, a provider of Internet access and local language interactive content aimed at the Spanish and Portuguese-speaking world. The deal, comprised of a mix of cash and shares, is valued at almost $300 million. Shortly after the acquisition, Terra, a majority-owned subsidiary of Telefonica S.A., filed for an initial public offering (IPO) of its
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