Exodus buys Global hosting business
And other CashReg titbits
Exodus is to buy Global Crossing's Web hosting business for $6.5bn in shares, the WSJ Web site reports. Global Crossing will end up with 20 per cent of Exodus, already the world's biggest Web hosting company. In July, an attempt to do the deal fell apart in a disagreement over price.
Iomart, the Glasgow broadband provider is buying Edinburgh Web hosting company NSL Internet for a "nominal consideration". For the 12 months to 31 March 2000, NSL lost £323,000 on sales of £298,000. Net liabilities stood at £138,000. Investment in staff (the headcount is currently 27) was responsible for increased losses, according to Iomart.
Redstone Telecom is splashing out £15 million in cash and shares for Dialnet, a small ISP, which lost £690,000 on sales of £2.2 million in 1999.
easier plc which runs British property site, easier.co.uk, has announced pre-tax losses of £6.76 million for the six months ended June 30 based on turnover of £90.26 million. Its cash balance stands at £8.15 million. ®
For more cash reg hell go here - or the puppy gets it.
Sponsored: Transform Your IT Infrastructure