SPORTSLINE USA TO BOOST GOLF COVERAGE WITH DEAL FOR GOLFWEB
SportsLine USA has agreed to acquire GolfWeb in exchange for approximately 860,000 shares of SportsLine USA common stock. As of January 14, the stock was valued at about $14.85M. GolfWeb will operate as a wholly-owned subsidiary of SportsLine USA and Tim Harrington will continue as GM of GolfWeb GM. The transaction is expected to close by the end of January (SportsLine USA).