Feeds

Freeserve takes a piece of the music retail action

Splashes out £2.6m on stake in CD retailer

  • alert
  • submit to reddit

High performance access to file storage

Freeserve is buying 15 per cent of UK online CD retailer InFront. The Dixon's ISP will splash out £2.6 million cash for its stake of the company, which trades as Streets Online and trades through the Freeserve portal. Freeserve said its existing business arrangements with Streets Online had been extended to September 2001. John Pluthero, Freeserve CEO, said: "Streets Online provides an excellent service to our CD and DVD buying customers. "This investment will enable us to profit directly from its growth and have an active voice in the development of its offerings." Last week Freeserve posted a pre-tax loss of £4.99 million on sales of £3.38 million. In September the company saw shares fall below the initial offer price to 135 pence. This morning the share price stood at 151 pence, one pence above its offer price. ® Check out our other Net finance stories at b>Cash Register

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.