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 »
Japan's biggest wireless operator, NTT DoCoMo, Monday said it has formally asked the Japanese government for permission to begin the world's first commercial third-generation (3G) service on Oct. 1.
more »
Chalk one up for the bad guys.
more »
The battle over e-book sales heated up as Internet portal Yahoo! Inc. signed an e-book sales deal with four major publishing houses.
more »
search.lt presents newest links
more »
Public Interest Groups Clash With ICANN Over Governance
more »
IBM threw its hat in the sub-$1,000 server ring with its release of the eServer x200VL, an entry-level server priced at $699.
more »
Despite increased pressure from the European Commission over antitrust concerns, Microsoft confirmed that the Commission will not seek to block the launch of Windows XP.
more »
Hong Kong police have arrested a 29-year-old Webmaster suspected of operating a pornographic Web site
more »
Officials at the European Commission have made a spectacular turnabout on a proposed law governing cross-border Internet commerce in Europe
more »
Wireless customers in Germany will soon have the option of paying for wireless data as a premium service.
more »