July 2, 2009 (FinancialWire) — Medialink Worldwide Inc. (NASDAQ: MDLK) (Current Market Cap: $1.41 Mil.) a provider of media services, has agreed to be acquired by The NewsMarket, Inc. for $0.20 per share in cash.

The price is consistent with the last trading price of Medialink’s common stock on June 30, and represents a premium of 100% from the last trading price of Medialink’s common stock on May 27, the date the parties signed a non-binding letter of intent, according to Medialink.

It also represents a premium of around 82% from the book value at March 31, the date of Medialink’s most recently reported financial statements.

Medialink said that the merger agreement is subject to the approval of Medialink’s shareholders at a special meeting of shareholders to be held in August.

In connection with signing the Merger Agreement, Medialink entered into separation agreements with each of its three executive officers.

New York-based Medialink offers creative services and multimedia distribution programs including video and audio news and short-form programming.

The NewsMarket, which is also based in New York, is a platform used by global brands, governments and NGOs to communicate with their key audiences using video. The company’s media site is used by more than 25,000 media outlets in 190 countries to view and order free news video. The company has offices in London, Ahmedabad, Mumbai, Beijing and San Francisco.

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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

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