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 »
Tipped off by American officials, Italian police shut down two rings of hackers who attacked Web sites belonging to the U.S. Army and NASA
more »
Yokohama Mayor Hiroshi Nakada decided Friday to allow residents of the city to choose whether their personal data can be registered in a national resident registry network to be launched Monday by the central government
more »
An Israeli startup takes on Moore's law--and Texas Instruments
more »
Wal-Mart, the most mass-market retailer imaginable, is committing an outrageous form of computing heresy: On its Web site, it's selling Windows-compatible personal computers without Windows
more »
Businesses in the US and UK agree that spam is a problem, but according to MessageLabs many users cannot reach a consensus on its definition
more »
search.lt presents newest links
more »
FORMER FSB OFFICER TESTIFIES ABOUT 1999 APARTMENT-BUILDING BOMBINGS...
more »
Microsoft on Wednesday acknowledged that its .Net plan has been slow to catch on and laid out an agenda to move the software strategy ahead
more »
Police Show Up Only to Find Infected WebTVs.
more »
Filters fail to block 'pro-terrorist' messages
more »