Terminations

BzzAgent Terminates 10,000 Users of Word-of-Mouth Marketing Service

Authored by Mark Hefflinger on June 19, 2006 - 2:01pm.

Boston - BzzAgent, a Boston-based provider of online "word-of-mouth" marketing and media services, announced on Monday that the company will begin expelling up to 10,000 "pests," or BzzAgent community members who have violated the company's terms of service, from its network.

XM Satellite Radio Terminates Deal to Acquire WCS Wireless

Authored by dmw on May 23, 2006 - 7:24pm.

Washington - After failing to gain the necessary government approvals, XM Satellite Radio, a provider of satellite radio service to more than 6.5 million subscribers, said that it has terminated its planned acquisition of WCS Wireless, a Nevada-based owner of wireless spectrum licenses in geographic areas covering 163 million people throughout the U.S. The deal, which was worth about $200 million when announced last July -- but has since seen its value fall significantly with XM's dwindling share price -- was supposed to give XM the resources to launch a variety of new video and data offerings. Without regulatory approval, however, the two sides agreed to terminate the deal, freeing WCS to pursue other alternatives for its spectrum. The news sent shares of XM down 3.8% on Tuesday.