March 13, 1998
A Colorado Internet services company said Thursday that it has consolidated 30 local and regional affiliates nationwide, including two Orange County operations that it melded into one and now calls Verio Southern California. Verio Inc. said the consolidations are aimed at improving the company's presence in each of the 33 U.S. markets it serves.
March 9, 1999 |
Vulcan Ventures Inc., the investment company headed by billionaire Paul Allen, is funding a new electronic commerce company that is developing a shopping service for the Internet, cable TV and other emerging media. Bellevue, Wash.-based Mercata Inc. is developing a Web site and shopping service that will let consumers shop on the Internet and cable TV for consumer electronics, home appliances, tools, watches and sporting goods.
March 8, 1999 |
The suitors are lining up for WeddingChannel.com--and they're offering a lot more than flowers. This week, the Los Angeles-based Internet commerce firm is expected to announce that the private investment fund of multibillionaire Michael Dell, chief executive and founder of Dell Computer Corp., has invested an undisclosed sum in the company. The investment by New York-based MSD Capital is expected to be inked this week.
October 11, 2000 |
Metromedia Fiber Network Inc., a builder of urban fiber-optic networks, said that it will buy SiteSmith Inc., a Santa Clara, Calif.-based start-up supplier of Web site services, in a $1.36-billion stock deal. The purchase adds SiteSmith's services that help electronic commerce sites handle high transaction volumes. Metromedia Fiber said that SiteSmith shareholders would get between 55 million and 62.
March 22, 1999 |
The Internet will shift from its decidedly U.S.-centric focus to a broader international one in the coming years, with Latin America being a major source of growth. But that region faces significant challenges, an industry analyst told the LatinChannels seminar last week in Newport Beach. Currently, Latin America has 3 million Internet users, about half of whom get online at home, a rate that is somewhat lower than the U.S.
September 2, 1998 |
Inktomi Corp., an Internet search company, agreed to acquire C2B Technologies for $94.5 million in stock to expand into the electronic commerce market. Inktomi, which makes software to reduce Internet congestion as well as a popular search engine, will exchange 1.84 million of its shares for all outstanding C2B stock. C2B Technologies, which develops online comparison-shopping software, will give Inktomi a third product line and help it move into the $17-billion electronic commerce market.
September 28, 1995 |
Investors will be offered a chance to get in on Wall Street's hottest sector today when Checkfree Corp., a provider of electronic commerce services, goes public with a 6-million share offering. "This is a very hot area and everyone is really excited about companies that have products going to the Internet," said Linda Intini, vice president at Citibank Global Asset Management.
February 10, 1999 |
The merger of Lycos Inc. with assets of USA Networks Inc. at first glance sparkles like a diamond, but when it comes to electronic commerce, analysts say it may be little more than a lump of cubic zirconia. The deal combines the significant traffic driven by Lycos' network of popular but disconnected Web sites with the national cable TV reach of USA Networks and its divisions, including Home Shopping Network, Internet Shopping Network/First Auction and its majority interest in Ticketmaster.
February 18, 1999 |
A Huntington Beach online shopping mall has announced a deal to acquire a Texas company, Para-Link Inc., in a reverse merger so the Orange County firm can get access to the public markets, the companies said Wednesday. iChargeit, whose Internet mall is not yet open, will hold about 85% of the surviving company, while the rest will be held by the investors in Para-Link, a shell company.