Holder hesitates on Lycos-USA deal

Article Abstract:

CMGI Inc. announced that it would not support the proposed merger of Lycos Inc. with USA Networks Inc.'s operations until Lycos's shares recovered their predeal prices. CMGI is the largest stockholder in Lycos with a 20% share. Some of the stockholders believe that the deal might have to be renegotiated or even terminated. CMGI's position left the deal in doubt.

Comment:

CMGI withholds support for proposed merger of Lycos Inc. with USA Networks Inc.'s operations

United States, Acquisitions & mergers, Television Broadcasting, Television broadcasting stations, Public affairs, Television broadcasting industry, Abstract, USA Networks Inc., Lycos Inc., USAI, CMGI Inc., LCOS

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Revenge of the bricks

Article Abstract:

The article discusses how old "clicks-and-mortar," or "old economy" companies are competing against dot-coms and taking market share away from them. Companies such as GIB, a unit of French retail company Carrefour S.A., and other old-line retailers, utilities, and banks are using the Internet to become leaders of Europe's New Economy.

Commercial Banks, Commercial Banking, Europe, Retail Trade, Electric, Gas & Water Utilities, Utilities, ELECTRIC, GAS, AND SANITARY SERVICES, Banking industry, Retail industry, Information services, Energy industries, Energy industry, Public utilities, GIB S.A.

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Few Russian shoppers buy into Web; e-commerce sites struggle to click with limited consumer-Internet use

Article Abstract:

The article discusses how few Russian consumers are a part of the country's business-to-consumer electronic-commerce market Market estimates show that the average Russian makes $60 (Euro62.54) per month, less than 3 million Russians use the Internet, and there is no viable package-delivery system for Russia's 11 time zones.

Russia, Brief Article, Market share

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