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BUSINESS
September 26, 2000 | From Times Staff and Wire Services
Rbid.com Inc., a small Irvine electronic commerce company, said late Monday that it has offered to pay $172 million for a controlling stake in dietary products distributor Herbalife International Inc. Rbid.com, which picked up $210 million in financing last week, said it has extended its offer only to the Mark Hughes Family Trust, which owns nearly 54% of the Los Angeles company. Rbid.com said it would pay $10.25 a share in cash for the trust's 5.95 million Class A common shares and $9.
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BUSINESS
September 26, 2000 | From Times Staff and Wire Services
Rbid.com Inc., a small Irvine electronic commerce company, said late Monday that it has offered to pay $172 million for a controlling stake in dietary products distributor Herbalife International Inc. Rbid.com, which picked up $210 million in financing last week, said it has extended its offer only to the Mark Hughes Family Trust, which owns nearly 54% of the Los Angeles company. Rbid.com said it would pay $10.25 a share in cash for the trust's 5.95 million Class A common shares and $9.
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BUSINESS
October 26, 1999 | Jonathan Gaw
Laguna Hills-based Rbid.com Inc., a provider of Internet services, said Monday that it has agreed to be acquired by AHC Business Trust for an undisclosed sum. Rbid.com said Nevada-based AHC will acquire 6 million of the 7.2 million shares outstanding, but would not say how much was paid. The agreement was reached last Thursday. Also, Rbid.com directors Peter Ferras, Ann Ferras and John Horne resigned and were replaced by board members representing the new owners.
BUSINESS
September 26, 2000 | From Times Staff and Wire Services
Rbid.com Inc., a small Irvine electronic commerce company, said late Monday that it has offered to pay $172 million for a controlling stake in dietary products distributor Herbalife International Inc. Rbid.com, which picked up $210 million in financing last week, said it has extended its offer only to the Mark Hughes Family Trust, which owns nearly 54% of the Los Angeles company. Rbid.com said it would pay $10.25 a share in cash for the trust's 5.95 million Class A common shares and $9.
BUSINESS
September 27, 1999 | JONATHAN GAW
It seems that every week a company is declaring that it has a soup-to-nuts solution for small and medium-sized businesses going online. With such a crowded market, it's difficult to get attention. Over the summer, Laguna Hills-based Rbid.com Inc. tried a $50,000 sweepstakes to lure visitors. The promotion ended on Sept. 5, and the company, which had to extend the contest and has yet to name a winner, hasn't been thrilled with the response.
BUSINESS
September 26, 2000 | From Times Staff and Wire Services
Rbid.com Inc., a small Irvine electronic commerce company, said late Monday that it has offered to pay $172 million for a controlling stake in dietary products distributor Herbalife International Inc. Rbid.com, which picked up $210 million in financing last week, said it has extended its offer only to the Mark Hughes Family Trust, which owns nearly 54% of the Los Angeles company. Rbid.com said it would pay $10.25 a share in cash for the trust's 5.95 million Class A common shares and $9.
BUSINESS
May 24, 1999 | JONATHAN GAW, Jonathan Gaw covers technology and electronic commerce for The Times. He can be reached at (714) 966-7818 and at jonathan.gaw@latimes.com
Having a skyrocketing stock price with no profits in the foreseeable future is old hat when it comes to Internet stocks, with Amazon.com Inc. leading the way. But how about soaring stock values with virtually no products or services? For that, you can turn to the likes of Laguna Hills-based Rbid.com Inc. and Irvine-based 2TheMart.com Inc., who have been riding the mania over online auctions while producing little evidence that they can take on their claimed rivals, such as EBay Inc.
BUSINESS
August 16, 1999 | JONATHAN GAW, Jonathan Gaw covers technology and electronic commerce for The Times. He can be reached at (714) 966-7818 and at jonathan.gaw@latimes.com
On the Internet, if you build it, they don't necessarily come. Just ask Laguna Hills-based Rbid.com. Earlier this month, the online store expanded a promotion targeted at users of its online auction to include customers of the company's other offerings. Apparently the lure of a $50,000 prize hasn't attracted many takers at the auction. On Friday, Rbid, which is traded over the counter, had all of 16 items for sale on its auction, and no bidders for any of them.
BUSINESS
September 22, 2000 | Dow Jones
Rbid.com Inc. said Thursday it received a commitment from Marathon Inc. for $210 million of debt financing to be used exclusively for acquisitions. The Irvine developer of marketing and distribution networks said it is seeking strategic opportunities for its growth plan. Marathon is a trading and investment corporation with more than $1.3 billion in assets.
BUSINESS
September 16, 2000
IReach Worldwide, a unit of Rbid.com Inc. in Irvine, said Friday that it has received a one-year contract to market Learnability Inc.'s online software-training programs. Financial terms were not disclosed. Learnability, based in Moraga, Calif., develops online-learning courses. Rbid.com develops marketing and distribution networks.
BUSINESS
October 26, 1999 | Jonathan Gaw
Laguna Hills-based Rbid.com Inc., a provider of Internet services, said Monday that it has agreed to be acquired by AHC Business Trust for an undisclosed sum. Rbid.com said Nevada-based AHC will acquire 6 million of the 7.2 million shares outstanding, but would not say how much was paid. The agreement was reached last Thursday. Also, Rbid.com directors Peter Ferras, Ann Ferras and John Horne resigned and were replaced by board members representing the new owners.
BUSINESS
September 27, 1999 | JONATHAN GAW
It seems that every week a company is declaring that it has a soup-to-nuts solution for small and medium-sized businesses going online. With such a crowded market, it's difficult to get attention. Over the summer, Laguna Hills-based Rbid.com Inc. tried a $50,000 sweepstakes to lure visitors. The promotion ended on Sept. 5, and the company, which had to extend the contest and has yet to name a winner, hasn't been thrilled with the response.
BUSINESS
August 16, 1999 | JONATHAN GAW, Jonathan Gaw covers technology and electronic commerce for The Times. He can be reached at (714) 966-7818 and at jonathan.gaw@latimes.com
On the Internet, if you build it, they don't necessarily come. Just ask Laguna Hills-based Rbid.com. Earlier this month, the online store expanded a promotion targeted at users of its online auction to include customers of the company's other offerings. Apparently the lure of a $50,000 prize hasn't attracted many takers at the auction. On Friday, Rbid, which is traded over the counter, had all of 16 items for sale on its auction, and no bidders for any of them.
BUSINESS
May 24, 1999 | JONATHAN GAW, Jonathan Gaw covers technology and electronic commerce for The Times. He can be reached at (714) 966-7818 and at jonathan.gaw@latimes.com
Having a skyrocketing stock price with no profits in the foreseeable future is old hat when it comes to Internet stocks, with Amazon.com Inc. leading the way. But how about soaring stock values with virtually no products or services? For that, you can turn to the likes of Laguna Hills-based Rbid.com Inc. and Irvine-based 2TheMart.com Inc., who have been riding the mania over online auctions while producing little evidence that they can take on their claimed rivals, such as EBay Inc.
BUSINESS
September 27, 2000 | Times Staff and Wire Reports
The majority shareholder in Herbalife International Inc. rejected a $172.7-million offer by Rbid.com Inc. to buy its shares in the Los Angeles dietary products distributor. Less than 24 hours after the buyout bid was made public, the Mark Hughes Family Trust said in a news release that "various factors led to the conclusion that the proposal did not warrant discussion or negotiation."
BUSINESS
September 27, 2000 | From Times staff and wire reports
The majority shareholder in Herbalife International Inc. on Tuesday rejected a $172.7-million offer by Rbid.com Inc. to buy its shares of the Los Angeles dietary products distributor. Less than 24 hours after the buyout bid was made public, the Mark Hughes Family Trust said in a press release that "various factors led to the conclusion that the proposal did not warrant discussion or negotiation." Herbalife spokesman Robert Jaffe said he did not know what the factors were.
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