Aladdin’s common stock will be exchanged into an equivalent amount of Activeworlds’ stock immediately prior to the merger. This represents 60 per cent of Activeworlds’ common stock.
The merger remains subject to several conditions, including the execution of a definitive merger-agreement. There is no assurance that the merger will take place, the companies reveal.
Aladdin manufactures popular Internet compression utilities StuffIt and DropStuff. Activeworlds manufactures a variety of 3D virtual-reality products.