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 »
Space officials want proposals for a NASA archiving system that would create a one-stop multimedia source for the public
more »
Search giant Google will offer its advertisers the chance to more tightly target the geographical areas where their ads will be seen
more »
Lindows executives have rolled out a new moniker for its desktop Linux software and the name is...Linspire
more »
More than one million junk emails sent on one day alone
more »
U.S. company controls domain names; security, governing discussed
more »
18th world’s largest information technologies’ and telecommunications’ exhibition “CeBIT 2004”, which takes place in Hanover (Germany) annually, has already ended.
more »
Top offending countries: Yugoslavia, Nigeria, Romania
more »
A man accused of using EarthLink Inc. e-mail accounts to release a flood of unsolicited commercial ("spam") e-mail on the Internet has been convicted on charges of identity theft and falsifying business records
more »
Search player Google is getting into the e-mail game
more »
Microsoft officials sought to dissuade Intel from investing in handwriting software startup GO Corporation in 1990, according to the latest round of e-mail evidence
more »