EBay challenger faces merger problems
Article Abstract:
The planned merger between two online auction houses UK-based QXL and Germany-based Ricardo has been stalled due to the German company's poor performance in 4th qtr FY 2000. As a result, QXL revised its stock swap offer from 42 shares to 34 shares for one Ricardo share. Another reason for the delay is the failure by Ricardo to launch is business-to-business platform on Jan 17. The merger, which would create a direct challenger to eBay, is scheduled to push through in October.
Publication Name: DM News
Subject: Construction and materials industries
ISSN: 0194-3588
Year: 2000
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Naviant-IQ2 deal fires a shot across Doubleclick's bow
Article Abstract:
Marketing service company Naviant Technology Solutions of Newtown Square, PA, has announced that it will acquire database firm IQ2.net from IntelliQuest Inc for $46.5 million in cash. Naviant said that the acquisition would enable the company to offer product lines to allow markets to precisely target customers and prospects in both the real and virtual worlds. IQ.net president Charles Stryker will take over as president and CEO of Naviant when the deal closes in Aug 1999.
Publication Name: DM News
Subject: Construction and materials industries
ISSN: 0194-3588
Year: 1999
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Ebookers buys Swedish online travel agency
Article Abstract:
Ebookers.com has purchased Scandinavia's leading Web travel firm, MrJet, in a straight share swap. Sweden-based MrJet's gross sales totaled $10 million in 2000, and it has consistently been among the top four travel sites in Sweden based on unique visitor figures from reserch firm MMXI, an Ebookers statement said. Sales in 2000, totaled $154.1 million, up sixfold from 1999 totals of $24.9 million.
Publication Name: DM News
Subject: Construction and materials industries
ISSN: 0194-3588
Year: 2001
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