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12/24/2002: "SBI to buy Razorfish"

The $8.2 million transaction is expected to bring to a close the turbulent story of the interactive services firm that symbolized, to many, the Net boom's excess. Reflecting on just how inflated the company's valuation was during rhe boom years, this $8.2 million cash tender is several degrees short of the $2 billion market capitalization once ascribed to the firm.

The acquisition of Razorfish follows several other deals in which SBI snapped up devalued interactive agencies.

Read more:
http://www.internetnews.com/IAR/article.php/1546921


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