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Cash Register: 1-14 Feb, 2000
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14 Feb 2000 Porn sites undermine Paris brothels
Softbank is joining forces with the World Bank to provide $500 million for Internet start ups in the third world.The Japanese group is forming the investment fund with the International Finance Corporation, the World Bank's private sector branch. The money will be available for companies in about 100 developing countries.
PrintPotato.com, which plans to offer printed goods over the Web, floated on AIM today with an expected market value in excess of £12 million. The Birmingham-based company aims to undercut high street printing charges by 50 per cent. Its Website will be launched by the end of the month.
A group of investors has raised £30.6 million to start a pan-European online car selling business based in the UK. OneSwoop.com will launch on March 1, coinciding with a similar venture from Virgin group, and plans to exploit the car price differences between the UK and continental Europe.
E-commerce Webco -- freecom.net -- has created a VC division with Peel, Hunt & Company Limited. freecom Ventures will invest in technology-based businesses and dotcoms. The new VC has £3 million to play with.
11 Feb 2000 Late Rooms takes pop at Lastminute
The wit and wisdom of Martha Lane Fox
e-primefinancial plc -- which is planing to invest in an US-based e-bank -- is looking to raise £20 million via a placing and open offer of 100,000,000 new ordinary shares at 20p each. The company floated on AIM in December 1999.
10 Feb 2000 Headline of the day
: "
IBM Marries The Cash Register To The Internet- Reuters (10.2.00). Does Reuters know something we don't?
Quote from yesterday: "The Internet was invented for Reuters" -- Peter Job, Reuters chief executive (
Guardian9.2.00). No it wasn't, Peter.
The Streets Online are paved with gold
Former Labour MEP Alan Donnelly is expected to become a paper millionaire next week when his £1,250 investment in Just2clicks.com magically turns into £1.8 million when the company floats next week.
British based SAS Digital -- which has just introduced a low cost self-build portal product -- is looking to raise £5 million in funding, the company said today. It has already spent £2 million developing ICE Portal.
9 Feb 2000
British B2B vertical trading community -- Just2clicks.com - is set to raise £50 million following a share placing on AIM next week. If successful, the placing would value the company at £130 million.
COUNTYWeb, an interactive business directory network with a county and regional focus, is to raise £5 million by an open offer available to institutions and retail investors. The directors' intention is to list the shares on AIM at the earliest opportunity, the company said today.
Cromwell falls under InterX spell
Geldof and Moore plug WapWorld
Reuters to put its core business on the Internet
The National Grid is flogging 10 per cent of its network company, Energis, the company announced today. The sale is expected to raise around £1.1 billion.
8 Feb 2000 Teenage dot com sensation sweeps Mystery Awards
Tabloid trumpets Net IPO with binman's £20m fortune
7 Feb 2000
London-based IT incubator fund Cube8.com plc is to raise £7m via a placing to institutional and other investors, the company said today. It is also to seek admission onto the Alternative Investment Market.
4 Feb 2000
US telco Global Telesystems Group has acquired British ISP Netcom Internet Ltd for $91.5 million (£57.5 million). Netcom's clients include Virgin Group and Cap Gemini.
Shares in British Internet incubator fund Oxygen Holdings --which plans to scour campuses for students with top Net business ideas -- went through the roof in early trading this morning valuing the company at some £240 million.
3 Feb 2000
Hewlett-Packard is providing New Media Venture Partners with a $17 million financing package designed to help the Internet media corporation fund, incubate and develop proprietary technology, digital content and e-commerce start-ups.
E-commerce software house, Focus Solutions, is to float on AIM next month, according to the great pink one.
Clicksure Ltd has received early stage funding of up to $12 million in a financing round led by Apax Partners & Co Ventures Ltd. zouk ventures, a new specialist e-commerce fund focused on the emerging European e-commerce market, also chipped in with some cash.
allcures.com -- the British online pharmacy which launched today -- has ploughed £2 million into the new venture over the last two years, the company revealed.
365 Corporation plc has bought sports info outfit Datanet Holdings Limited for £31 million, to strengthen its position as a provider of sports and entertainment content.
2 Feb 2000
Games e-tailer Gameplay.com is raising £50 million to help fund its expansion into Europe.
1 Feb 2000
British Sky Broadcasting has acquired 5.4 per cent of Net sports company Sportal. BSkyB has also negotiated the right to increase its total stake to 12.5 per cent. Financial details of the deal were not released.
Net investment house eVestment has ploughed $800,000 into WinWin.com, a narrowcast advertising conduit that pays users for viewing targeted ads. The investment is part of a $11 million fundraising. Win.Win is expected to launch in the US and Britain next month.
Web currency beenz.com has opened an office in Hong Kong to serve the growing number of Net users in the Far East including Taiwan and China. It will be headed by David Yuen. ®
Biting the hand that feeds IT
