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 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 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.
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