Daily Net Finance News: Dec 1-31, 1999


  • alert
  • submit to reddit

The Essential Guide to IT Transformation

31 Dec 1999 Millennium Madness: eBay takes no chances with Y2K bug

30 Dec 1999Cybersquatting: eToys softens under grassroots pressure
22 Dec 1999Mary Meeker: Net bubble will burst in early 2000
Lawsuit: UK book minnow throws book at Amazon
21 Dec 1999Clinton throws his weight behind online Christmas shopping
17 Dec 1999

Energis has dipped its toe into German waters with the £4.7 million in cash acquisition of BusinessOnline, a teeny-weeny Berlin-based ISP. from venture capitalists and management. The top three managers retain 25 per cent in the company. BusinessOnline` turned over £1 million for the ten months to October.

eBay is indulging in a bit of vertical integration with the acquisition of one of its software suppliers. Blackthorne Software is described as a "leading provider of software that automates the management of listings for eBay's sellers" Its products include AuctionAssistant which "helps sellers format and post their merchandise on eBay, as well as integrating email and invoicing functions".

Sportal bags $50m for Asia/Europe roll-out
16 Dec 1999AOL Europe rubbishes senior staffer's IPO claims
15 Dec 1999Sharky Extreme falls into Internet.com's clutches"
13 Dec 1999US Web/CKS buy makes $14 billion monster
ZD poison pill blocks dismemberment opportunities
Bill Gates domain 'for sale' at £2m
Softbank to launch digital music operation
British Day traders get stiff warning
Students become millionaires in their spare time
10 Dec 1999

Sainsbury's could be opening a branch of its bank on the Internet, according

The Times


Sony to become 'Web department store' says president

Affinity Internet Holdings has acquired a stake in eRecruitments Limited which would give it up to a 20 per cent in the jobs Web site. Details of the deal were not released.

eXchange Holdings has reached agreement with Yahoo! UK Ltd to provide a range of comparative personal financial information services on co-branded pages within Yahoo! UK & Ireland Finance. The financial information services is due to go live Q1 2000.

Ladbrokes International has opted for UK-based Orbis to provide the technology for its new integrated Internet and telephone betting operation in Gibraltar. Ladbrokes.com site will go live in Q1 2000.

9 December 1999Beer Barter System overcomes Y2K drought
Alta Vista launches Euro search engines
QXL buys Norwegian auction site
E&Y touts for Billion pound incubatees

BSkyB is to acquire a ten per cent stake in British computer games portal and community, gameplay.com. Gameplay will issue new shares to BSkyB. Under a separate agreement, Gameplay has also entered into a strategic alliance with BSkyB, to become the computer and/or video games e-commerce partner across BSkyB's online properties. Gameplay has also committed to develop a 13-episode weekly series of computer and video games television shows for broadcast exclusively by BSkyB.

Application has been made today for the admission of 5,250,000 shares in Voyager IT.com to trade on the Alternative Investment Market (AIM) of the London Stock Exchange. The shares have been placed for cash at 12.5p per share to raise additional funds to help it acquire small companies in the IT and Internet sectors.

On-line PLC is to launch a fully automated advertising network, the company said today. AdvertWizard.com will offer 100 per cent banner exchange or 50 per cent revenue split, via a fully automated system with real-time, Web based progress reports.

The eVestment Company Plc said today it is proposing to raise up to £9.8 million (net of expenses) by means of a firm placing of up to 100,000,000 new ordinary shares.

7 Dec 1999

e-capital has invested £225,000 in Video Networks Ltd in exchange for 15,000 ordinary shares, it was revealed today. VNL is a Video-on-Demand service provider operating over ADSL or any other broadband network.

10 Group plc -- the AIM listed multimedia company -- has acquired the goodwill, business and assets of Scintilla, a Birmingham-based e-business solutions provider, for a consideration of £60,000, consisting of £45,000 in cash and £15,000 in shares.

Banks.com auction kicks off with £600K bid
6 Dec 1999

Search engineer, Inktomi Corp, has approved a two-for-one split of its common stock, its board announced today. Shareholders will receive one additional share for every share held on December 14, 1999. The new shares are expected to be mailed from the company's transfer agent on or around December 30, 1999.

The Confederation of British Industry (CBI) has named Bracknell-based Web consultancy, Nvision, the "most promising young company" in its inaugural Growing Business Awards.

Shares in QXL.com jumped 40 per cent after the online auction house reported a deal with Excite, the



Pets.com barks up British tree
Web-based shopping set for massive UK growth

Sports Internet has applied for a further 266,327 new Sports Internet shares to be admitted to AIM, it announced today. The shares are being issued to those "dissentient Surrey shareholders" who have not accepted the share offer and whose Surrey Shares have been compulsorily acquired under the Companies Act 1985 procedure.

3 Dec 1999InterX: from distie to Net VC vehicle?
2 Dec 1999Big bucks URL is the business(.com)
1 Dec 1999

Insurer, Direct Line, is investing an initial £2 million for the first three months of 2000 to market its Web site, directline.com, and launch new products on-line. The investment will involve a mainstream consumer campaign focusing on how it claims it takes just two minutes to get a quote on-line. Oliver Prill has been appointed Direct Line's new MD of e-commerce.

Online porn to be pulled off the Web?

AltaVista could be planning to IPO with a value of $5 billion (£3.1 billion) in March, according to the


. There is also speculation that AltaVista could snuggle up close to portal Lycos.

Greatdomains.com is looking to sell the URL worldbanking com…for $4 million.

The price for shares in 365 Corporation plc has been set at 160p -- a figure at the upper end of the predicted price range. According to 365 the offer has been oversubscribed. Share dealing will start on the London Stock Exchange tomorrow.

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story


Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.