Autoweb buys car-info site.
Published:
24 September 1999 y., Friday
Autoweb.com, an Internet car-shopping service, agreed to buy the automotive-data unit of Canada_s Thomson for $20 million in cash and stock to add services such as repair guides to its site. Autoweb agreed to pay $16 million in cash and $4 million in common stock for Automotive Information Center. The Westborough, Massachusetts-based unit will continue as a separate operation under its current management, Autoweb said. Automotive Information Center provides new-car pricing information online, descriptions of standard and optional equipment, and repair and trouble-shooting guides. The purchase will improve Autoweb_s database and help it attract more people to its site, said chief executive Dean DeBiase. Rival Autobytel.com in July agreed to buy the publisher of Chilton auto-repair manuals for $17.5 million to offer customers a way to price auto repairs.Through yesterday, the Santa Clara, California-based company_s shares had fallen 78 percent since its March initial public offering, as automakers and dealership groups have moved into e-commerce.
Šaltinis:
Bloomberg News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Software company announced new structure_ of it_s business.
more »
60 Percent Believe IT Can Transform How Their Companies Manage Energy Consumption
more »
Aladdin Knowledge Systems Ltd. announced that its shareholders approved the definitive merger agreement, providing for the acquisition of the Company by a Vector Capital affiliate.
more »
Fiserv Inc. says a recent market study shows that banks and credit unions view mobile-deposit capture as a key consumer benefit, and they're looking to it as an extension of remote deposit capture.
more »
Teachers take educational website in new direction.
more »
Today at Mobile World Congress 2009, Microsoft Corp. CEO Steve Ballmer along with key mobile partners, HTC, LG and Orange, unveiled new Windows® phones featuring new user-friendly software and services.
more »
New facility to benefit customer operations in Asia Pacific.
more »
Microsoft has been awarded its 10,000th U.S. patent for a unique way of interacting with surface computers.
more »
Convenience, rather than security, will be the driving force behind the U.K. adoption of new payment methods, according to an independent survey of 1,000 British consumers.
more »
In the first handelsjournal competition for the best products for retail businesses, Wincor Nixdorf’s BEETLE /NetX nd BEETLE /iSCAN systems were awarded gold and silver in the categories environmental friendliness and customer satisfaction.
more »
Seventeen leading websites have agreed to put in place safeguards to protect young people from unwittingly risking their privacy and safety.
more »