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Virtual Avenue Company

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April 30, 1999 | Bloomberg News
Go2Net Inc., which runs an Internet directory and network of Web sites, said it acquired Web page service Virtual Avenue for about $23 million in stock, a move to build its services for small businesses. Go2Net said it exchanged about 150,000 shares for the closely held company. Go2Net will combine Virtual Avenue, which hosts free Web pages for 85,000 small businesses, with its own HyperMart, which hosts free Internet sites for 190,000 merchants.
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BUSINESS
April 30, 1999 | Bloomberg News
Go2Net Inc., which runs an Internet directory and network of Web sites, said it acquired Web page service Virtual Avenue for about $23 million in stock, a move to build its services for small businesses. Go2Net said it exchanged about 150,000 shares for the closely held company. Go2Net will combine Virtual Avenue, which hosts free Web pages for 85,000 small businesses, with its own HyperMart, which hosts free Internet sites for 190,000 merchants.
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