July 24 (Reuters) - Dreamscape Networks Ltd DN8.AX :
* ENTERED A SCHEME IMPLEMENTATION DEED WITH WEB.COM GROUP
* SCHEME CONSIDERATION OF A$0.27 PER SHARE
* SCHEME CONSIDERATION VALUES DREAMSCAPE'S ISSUED EQUITY AT APPROXIMATELY A$105.2 MILLION
* TRANSACTION TO BE FUNDED FROM WEB.COM'S EXISTING CASH ON BALANCE SHEET AND ITS REVOLVER FACILITY
* DREAMSCAPE'S INDEPENDENT BOARD COMMITTEE UNANIMOUSLY RECOMMEND SCHEME