#alternate alternate alternate COMPANY NEWS;INDIVIDUAL BUYS NEWS SERVICE FOR $38 MILLION -- -- The New York Times Business Day|COMPANY NEWS;INDIVIDUAL BUYS NEWS SERVICE FOR $38 MILLION (BUTTON) Search -- -- Business Day | COMPANY NEWS COMPANY NEWS;INDIVIDUAL BUYS NEWS SERVICE FOR $38 MILLION Bloomberg Business NewsJULY 4, 1996 -- -- Continue reading the main story Individual Inc. said yesterday that it had acquired Freeloader Inc. for about $38 million in cash and stock. Freeloader, based in Washington, is a personalized news service that retrieves information from the -- -- is a personalized news service that retrieves information from the Internet's World Wide Web and delivers it to the personal computers of subscribers. Individual, based in Burlington, Mass., paid $2 million in cash and 1.9 million common shares for all Freeloader stock -- cash and 1.9 million common shares for all Freeloader stock outstanding. Individual's stock fell $1.50 a share, to $15.75, in Nasdaq trading. Individual plans to integrate Freeloader's technology with its other customized news services. Continue reading the main story