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June 28, 2000 | GREG JOHNSON, TIMES STAFF WRITER
Media Metrix Inc. agreed Tuesday to buy Jupiter Communications Inc. for about $342 million in stock, creating one-stop shopping for those who need to know how many people are using the Internet and how the Web is changing the way consumers and businesses interact. The two companies, neither of which is profitable, are among the leaders in their respective fields. Media Metrix sells Internet usage data to advertising agencies, media companies and Internet competitors.
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BUSINESS
June 28, 2000 | GREG JOHNSON, TIMES STAFF WRITER
Media Metrix Inc. agreed Tuesday to buy Jupiter Communications Inc. for about $342 million in stock, creating one-stop shopping for those who need to know how many people are using the Internet and how the Web is changing the way consumers and businesses interact. The two companies, neither of which is profitable, are among the leaders in their respective fields. Media Metrix sells Internet usage data to advertising agencies, media companies and Internet competitors.
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BUSINESS
January 4, 2000 | Bloomberg News
Shares of Pacific Internet Ltd., China.com Corp. and Internet Initiative Japan Inc. rose Monday amid optimism that Asian Internet companies will grow faster than their U.S. counterparts, analysts said. Singapore-based Pacific Internet (PCNTF) soared $22.94, or 49%, to $69.88, while Tokyo-based Internet Initiative Japan's American depositary receipts (IIJI) surged $22.81, or 23%, to $120, and Hong Kong-based China.com (CHINA) rose $15.38, or 20%, to $94. All three trade on Nasdaq. As U.S.
BUSINESS
June 27, 2000
Ariba Inc., which makes software for companies to buy and sell goods over the Internet, said it will buy closely held competitor SupplierMarket.com for $581 million in stock, gaining access to that company's online auctions for manufactured materials. Mountain View, Calif.-based Ariba will pay 6.3 million shares of stock, valued about $581 million at Monday's closing price, for Burlington, Mass.-based SupplierMarket.
FOOD
May 31, 2000 | JENNIFER LOWE
Will online grocery shopping succeed? The jury is far from in as Internet commerce is in the beginnings of a shakeout. It has gone from being the darling of Wall Street to the doghouse, its once bright future in question. Like almost everything else on the Internet, online grocery companies have been infused with capital, but they aren't making money and their stocks have been hammered.
BUSINESS
August 1, 2006 | From Bloomberg News
AOL, the online service of Time Warner Inc., is remaking its AOLVideo.com website to add more than 45 video channels and an improved search engine to attract more broadband users. Tests of the new video-on-demand channels and search service will begin Friday, said Josh Freeman, vice president of AOL video services at the Dulles, Va.-based company. The services will be offered to all users Aug. 22, he said.
BUSINESS
June 3, 2000 | From Times Staff and Wire Reports
In a bid to boost flagging sales and raise its appeal to younger, Internet-savvy shoppers, General Motors Corp. has launched a campaign offering discounts of as much as $750 per vehicle to buyers who use the company's Web sites. The "Ticket to Ride" campaign's discounts are in addition to existing incentives, GM said. The auto maker wouldn't reveal the cost of the campaign, which started Friday and will run through at least July 15.
BUSINESS
September 22, 1999 | Times Staff, Bloomberg News
With the late-summer lull over, the IPO market's fall scramble is intensifying. Investor interest in initial public offerings--particularly those from so-called Internet-backbone companies--was strong Tuesday as three California deals were priced above their expected range and another was bumped up in projected size: * Palo Alto-based Kana Communications Inc. (ticker symbol: KANA), whose software helps companies manage volumes of customer e-mail, sold 3.
BUSINESS
December 23, 1999 | From Times Staff and Wire Reports
What are highflying Internet stocks really worth? Less than some short-term traders may think, a takeover plan by America Online suggests. The leading online service on Wednesday agreed to buy MapQuest.com Inc., the No. 1 provider of maps on the Internet, for about $1.1 billion in AOL stock. The problem for some MapQuest shareholders: The deal values MapQuest at $26.11 a share, based on AOL's closing share price on Wednesday. That's 20% below MapQuest's stock price on Tuesday.
BUSINESS
August 23, 1999 | KAREN KAPLAN, TIMES STAFF WRITER
It turns out that free Internet service is pretty expensive after all. NetZero Inc., the first company to attract a large customer base by promising free Internet access to those who can tolerate targeted advertisements, has lost more than $15 million since four software consultants started the firm in the summer of 1997. Like most Internet start-ups, NetZero expects to continue losing money for the foreseeable future.
BUSINESS
January 17, 2000 | JEFFREY GETTLEMAN, TIMES STAFF WRITER
On any given day, Superman has a lot of big decisions to make. He can sweep down and rescue Lois from the clutches of evil or fly around the world and turn back time. He can smash the bad guys' hide-out to smithereens or shed his cape and hustle back to the Daily Planet. But in a new form of interactive online cartoons, you tell Superman what to do--and he does it, at the click of a mouse. The cartoons are the latest product of Brilliant Digital Entertainment Inc.
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