Amazon.com purchases signal wider ambitions

Article Abstract:

Amazon.com purchased PlanetAll for about $90 million. PlanetAll will give Amazon.com access to 1.5 million people who organize their calenders and addresses on the Internet. Amazon.com also purchased Junglee Corp. for $180 million. The Junglee Corp. will make Amazon.com the owner of a search engine that allows on-line comparison shopping for everything from jeans to music and computer modems. Both acquisitions are being financed with Amazon stock. "This is a great chance for Amazon to become a destination site for a broad array of goods, whether they sell them or not," said Genne Combes, an analyst at Hambrecht & Quist Inc.

Comment:

Amazon.com purchased PlanetAll and Junglee Corp.

United States, On-Line Information Services, Videotex & Teletext, Mail Order Houses, Electronic Shopping and Mail-Order Houses, Internet services, Mail order business, Amazon.com Inc., Junglee Corp., PlanetAll

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SBC backs out of pursuing stake in Romanian firm

Article Abstract:

SBC Communications Inc. is withdrawing its bid for Romania's state owned RomTelecom SA. "We did a comparative analysis of opportunities and determined that (the investment) didn't fit with our existing priorities or strategic plans," said Larry Solomon, a spokesman for SBC Communications. SBC's withrawl leaves two bidders, Italy's Telecom Italia SpA and Greece's OTE. Romanian government officials expect the sale of RomTelecom to be around $1 billion.

Comment:

SBC Communications Inc. is withdrawing its bid for Romania's RomTelecom SA

Telecommunications, Communications, Broadcasting and Telecommunications, Romania, Telecommunications industry, AT&T Inc., RomTelecom SA

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