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W G Nichols Company

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July 30, 1999 | Jonathan Gaw
Continuing its strategy of expanding beyond vehicle transactions, Irvine-based Autobytel.com Inc. said it will acquire W.G. Nichols, publisher of the Chilton series of auto repair manuals, for $17.5 million in cash and stock. Autobytel.com, one of the largest automotive e-commerce firms, also said it lost $6 million in the second quarter, nearly double its $3.1-million loss for the same period last year. Revenue for the quarter rose 70%, to $9.2 million from $5.4 million.
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BUSINESS
July 30, 1999 | Jonathan Gaw
Continuing its strategy of expanding beyond vehicle transactions, Irvine-based Autobytel.com Inc. said it will acquire W.G. Nichols, publisher of the Chilton series of auto repair manuals, for $17.5 million in cash and stock. Autobytel.com, one of the largest automotive e-commerce firms, also said it lost $6 million in the second quarter, nearly double its $3.1-million loss for the same period last year. Revenue for the quarter rose 70%, to $9.2 million from $5.4 million.
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