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 »
Linux evangelists are keeping the faith, even when it comes to the elusive Holy Grail of the open-source operating system: taking a significant chunk of the desktop market.
more »
Afghanistan's Taliban government, which declared the Internet unholy and banned its use for millions of Afghan citizens last June, maintained a website until shortly after the Sept. 11 terrorist attacks
more »
This big Korea tourism site is designed to be the first port of call for providing information to overseas visitors to Korea.
more »
In court and on the Internet, the FTC and several states are cracking down on the practice with a Web site and lawsuits to help consumers "ditch the pitch."
more »
The Pentagon said on Friday that it won't limit the accuracy of positioning information that's beamed to civilian global positioning system (GPS) receivers.
more »
Microsoft has asked the New Zealand government to implement strict regulations to protect online intellectual property
more »
Nokia Communications and Finnish operator Sonera reported today that they conducted wireless LAN roaming using the GSM core network and roaming infrastructure.
more »
On Wednesday morning, the mass media abounded with pseudo-apocalyptic horrors. Dozens are "exposed" to anthrax.
more »
The market for watching movies over the Internet is uncertain, so few people have the necessary high-speed connections.
more »
Group Claims Bank Hack Attacks; Others Not So Sure
more »