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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to
Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 26, 1999
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StarMedia Network, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-15015 06-1461770
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(Commission File Number) (I.R.S. Employer Identification No.)
29 West 36th Street, New York, NY 10018
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(Address of Principal Executive Offices) (Zip Code)
(212) 548-9600
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(Registrant's Telephone Number, Including Area Code)
N.A.
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On May 26, 1999, StarMedia Network, Inc., a Delaware corporation
("StarMedia"), acquired all of the outstanding stock of Wass Net, S.L.,
a company organized under the laws of Spain ("Wass Net"). The
acquisition was completed pursuant to the terms of a Share Purchase
Agreement, dated as of May 4, 1999, by and among StarMedia, Wass Net,
Geradons, S.L., Salvador Porte and Eduardo Kawas. Wass Net is a
Spanish-language online service with extensive community applications.
Prior to the acquisition, all of the outstanding stock of Wass Net was
owned by Geradons, S.L. The consideration for the acquisition consisted
of an aggregate of 1,133,334 shares of StarMedia common stock, par
value $0.001 per share.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired
The financial statements required by this item will be filed
on or before August 13, 1999.
(b) Pro Forma Financial Information
The pro forma financial information required by this item will
be filed on or before August 13, 1999.
(c) Exhibits
Exhibit Number Description
2.1 Share Purchase Agreement, dated as of May 4, 1999, by
and among StarMedia, Wass Net, Geradons, S.L.,
Salvador Porte and Eduardo Kawas (incorporated be
reference to Exhibit 10.19 to Amendment No. 3 to the
Form S-1 of StarMedia filed with the Securities and
Exchange Commission on May 11, 1999, File No.
333-74659).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
StarMedia Network, Inc.
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(Registrant)
By: /s/ Steven J. Heller
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Name: Steven J. Heller
Title: Chief Financial Officer
Dated: June 10, 1999
