CyberShop.com lets go of online retail assets
CyberShop.com, which earlier this month said
it would abandon its Web retail business to become an incubator for Internet start-ups,
today said it has agreed to sell its Electronics.net retail Web assets.
Epicurious.com dines with Dean & Deluca
Epicurious.com, the home of online magazines
Gourmet and Bon Appetit, today signed an agreement to make Dean & Deluca its
exclusive specialty foods retailer.
Target spins off e-commerce group
Target Corp. has formed a new Internet unit
to manage the company's e-commerce and direct marketing operations.
Women.com quickly closes online clothing store
Women.com Networks has quietly closed its online
store for women's clothing and accessories, just three months after launching
the e-tail site.
Polo Ralph Lauren and NBC Tackle Online Apparel
Apparel giant Polo Ralph Lauren announced an
agreement today with NBC affiliates ValueVision and NBCi to create a multimedia
initiative that will center on its Polo.com Internet retailing site.
UPS Forms New E-Commerce Subsidiary
United Parcel Service, Inc. announced today
that it has formed a subsidiary that will perform back-end fulfillment functions
for e-commerce companies
Kozmo.com Pays Starbucks $150 Million in Marketing Alliance
Kozmo.com, the pioneering online delivery service,
Monday inked a joint marketing pact with Starbucks Coffee Co. under which the
Internet start-up will pay Starbucks $150 million over the next five years for
prominent placement in Starbucks shops.
Amazon.com To Buy 5 Percent Of Audible
Online retailer Amazon.com will buy 5 percent
of Audible, a provider of spoken-audio services for download and playback on computers
and mobile devices, the companies said Monday.
Columbia House Unveils E-C Strategy
Mail-order music and video retailer The Columbia
House Co. Monday announced a restructuring of its organization, in conjunction
with its pending merger with CDNOW Inc.
Airline Site Angers Travel Agents
U.S. travel agents Thursday formally requested
a Justice Department review of plans by a consortium of major airlines to set
up an Internet travel service, saying it would violate antitrust laws.
SBC to buy Sterling Commerce for $3.9 billion
Moving into the lucrative business-to-business
e-commerce market, SBC Communications today said it plans to acquire Sterling
Commerce in a cash deal valued at $3.9 billion. San Antonio, Texas-based SBC said
its acquisition of the business-to-business software provider will help bolster
its offerings by adding another Internet-based product to its set of telecommunications
services. In return, Sterling said it will gain larger distribution and sales
channels, including a chance to target small and medium-sized businesses.
NECX.com To Acquire Real World Electronics
NECX.com, Peabody, a subsidiary of VerticalNet
Inc., and Real World, a privately held electronics exchange, have been in discussions
for the past three months and are expected to complete the transaction within
30 days, said Larry Marshall, president of NECX.com.
Microsoft's Transpoint To Merge With CheckFree In $1B
Deal Ownership interests in TransPoint, which
is jointly owned by Microsoft, Citibank and First Data Corp., will be transferred
to CheckFree in exchange for 17 million shares of CheckFree common stock, valued
at $1 billion. When the definitive merger deal is complete, Microsoft, First Data
and Citibank will own 23 percent of CheckFree.
E-Business Breakfast: Merger Madness
US Interactive is acquiring SoftPlus Inc.,
a privately held e-solutions company. Softplus'
expertise in end-to-end technology frameworks, CRM and its global presence convinced
US Interactive to pull the trigger on the deal, valued at approximately $300 million.
The online unit of Toys "R" Us is
redoubling its Web efforts after Japan's Softbank plunked down a $57 million minority
investment in the beleaguered toy e-tailer.
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