news Endurance International acquires Constant Contact for $1.1 billion

[Arpit131]

Endurance International Group has acquired email marketing company Constant Contact for $1.1 billion in an all-cash deal.
Shares in Constant Contact closed Friday at $26.10, for a market cap of about $840 million. Endurance is paying $32.00 per share, and shares in Constant Contact have jumped in pre-market trading.

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[enlytend]

Constant Contact's competitors are jumping up and down, picturing it going down the tubes as did most of the hosting companies they acquired.