UK: FREESERVE HOLDING ACQUIRED BY NEWSQUEST

Article Abstract:

The regional newspaper publisher Newsquest, a subsidiary of US news and information group Garnett, is to take a 9.9% holding in Freeserve Auctions, the auctions arm of the Internet service provider (ISP). Along with payment of GB[pound] 2mn in cash, Freeserve will receive GB[pound] 10mn in advertising support from Newsquest until 2003. Freeserve hopes to benefit from the potential customer base offered by Newsquest's UK regional readership, with auction listings being included in the newspapers' classified advertising sections. Meanwhile, the Competition Commission is considering Newsquest's plan to acquire Southampton-based regional publisher, News Communications & Media.

Asset sales & divestitures, Acquisitions & mergers, Newspapers, Newspaper Publishers, Advertising, Internet service providers, Newspaper publishing, Newsquest Media Group Ltd., Freeserve Auctions Ltd.

---

UK: FAILURE OF DOTCOMS

Article Abstract:

Commercial websites are shutting down at the rate of approximately one per day as venture capitalists refuse funding. Three-quarters of these are in the business-to-consumer field (selling goods or services to Internet users). Ready2Shop, the women's fashion site, is the latest casualty due to lack of funding, plus the fact it refused adverts and only gave advice rather than selling a product.

Financial analysis, Brief Article

---

Is it last Tuesday for the dot.com dream-makers?

Article Abstract:

Many dot.com businesses face an uncertain future as venture capitalists become increasingly unwilling to invest in new technology firms. Particular attention is given to developments at First Tuesday, the networking venture designed to link internet entrepreneurs with venture capitalists.

Strategy & planning, Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified

Similar abstracts:

• Abstracts: NTL takes its seat among the media industry's big hitters. UK: BBC POISED TO SELL BEEB.COM STAKE. IRELAND: INDEPENDENT NEWS TO PURCHASE ISP
• Abstracts: UK: I-SPIRE IN REVERSE TAKEOVER BY GLENCHEWTON. UK: DUKE STREET MAY NOT BID FOR HOMEBASE. UK: KNUTSFORD IN WASSALL TAKEOVER TALKS
• Abstracts: UK: BA ABOLISHES TRAVEL AGENTS' COMMISSION. UK: FIRST CHOICE IN E-COMMERCE MOVE. Britons shun millennium holiday deals
• Abstracts: UK: FEEDING AND DEVELOPMENTAL PROBLEMS IN CHILDREN. UK: PEPPERMINT MAY HELP FIGHT MALARIA. UK: HEALTH BENEFITS OF RAW ONION JUICE

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.