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 »
All Bulgarians possessing debit or credit cards will have to replace them with new "plastic purses" in 2005
more »
search.lt presents newest links
more »
search.lt presents newest links
more »
Security events recorded between July and September this year are up 150 per cent on those recorded by security company VeriSign in the same period last year
more »
search.lt presents newest links
more »
Banks partner with popular brands to promote credit cards
more »
SWsoft, a company that lets a Linux server be subdivided into independent partitions, is ready to begin testing a Windows version of its product
more »
Some Estonians will be able to vote online next year, as Tallinn plans trials with electronic voting software that is the first step toward a nationwide e-voting system
more »
search.lt presents newest links
more »
A Web site used by a Chechen warlord to claim responsibility for last month's school siege in Russia has come back online based out of Finland
more »