Yahoo buys Viaweb for $49M in deal that boost online stores

Article Abstract:

Yahoo Inc. of Santa Clara, CA, is set to acquire online-store hosting company, Viaweb of Cambridge, MA, in a stock exchange deal valued at $49 million. Three reasons have been cited for Viaweb's acquisition, namely alternative revenue, access to a large number of small- to medium-size businesses and improved online retail services for consumers. Viaweb's systems enable nontechnical operators to develop, access and update online stores through an ordinary browser. The company claims over 1,000 mostly small- to medium-size business tenants, including cataloger Hanover and gourmet food store Dean and DeLuca. All of the company's 21 employees have reportedly been offered positions at Yahoo's headquarters.

On-Line Information Services, Database Vendors, Company Planning/Goals, Database industry, Yahoo! Inc., Viaweb

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Fingerhut makes investment in online flower merchant

Article Abstract:

Fingerhut Companies Inc., a direct mail company based in Minnetonka, MN, recently bared its purchase of a minority stake in Web merchant PC Flowers and Gifts for an undisclosed price. The deal marks the company's first investment in a privately-held Internet company. Fingerhut is planning to apply an option to acquire a majority stake in the online flower retailer and eventually take the company public. The company states that it will supply all the back-end operations for PC Flowers and Gifts, including order processing, customer service and telemarketing, as well as promotional support.

Florists, Fingerhut Companies Inc., PC Flowers and Gifts

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Executive Greetings adds four BTB titles

Article Abstract:

Executive Greetings has acquired four business-to-business catalogs as part of a plan to improve its custom-imprinted product line. These catalogs are the Curtis Rand, and Ready-Made Signs, Turnkey Material Handling and Timewise from Landmark Direct. Ready Made specializes in standard and customized safety signs and tags while Turnkey sells warehousing products such as pallet jacks, shelving and bubble wraps. On the other hand, Timewise manufactures customized white marker boards and day planners.

Curtis Rand Inc., Landmark Direct

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