Netratings and Jupiter Media Metrix cancel agreement.NetRatings, Inc. (Milpitas, CA), a provider of Internet audience measurement information and analysis, and Jupiter Media Metrix (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ), a company that provides Internet and new technology analysis and measurement, have mutually agreed to terminate their Oct. 25, 2001 acquisition agreement and related loan and security deal. The decision came after the two companies learned from FTC FTC See Federal Trade Commission (FTC). staff that they would strongly recommend that the FTC challenge the loan and that, even with alternative loan structures proposed by the companies, they would recommend that the FTC challenge the acquisition and seek a preliminary injunction A temporary order made by a court at the request of one party that prevents the other party from pursuing a particular course of conduct until the conclusion of a trial on the merits. A preliminary injunction is regarded as extraordinary relief. freezing any action. Although disagreeing with the FTC's conclusions, Jupiter ceo Robert Becker said that without the loan agreement his company could not afford "a lengthy court challenge." Also, NetRatings proposed acquisition of the 80.1% of ACNielsen eRatings.com it does not already own is in limbo limbo In Roman Catholicism, a region between heaven and hell, the dwelling place of souls not condemned to punishment but deprived of the joy of existence with God in heaven. The concept probably developed in the Middle Ages. . NetRatings said the "parties have not determined whether the transaction will proceed." ACNielsen eRatings is an Internet audience measurement company and is a joint venture of VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User subsidiary ACNielsen and eRatings. |
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