NEWS OUT!!!! AOL - BIDS DEAL,
by:
jag_98_
(M/Chicago, IL)
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15878 of 16153 |
ANDREW you are the MAN, thanks for the heads
up.!!!!
TORONTO, July 8 /PRNewswire/ - Internet service provider
America Online Inc. (NYSE:AOL - news) said on Thursday it
signed a four-year, $89 million strategic alliance with
bid.com Inc. (Nasdaq:BIDS - news), a popular Internet
auction company.
AOL said the pact, expected to roll
out across the five AOL brands this fall, will bring
bid.com's specially programmed auction information,
services and other resources to AOL and CompuServe's
combined membership of 19 million members.
As part of
the alliance, AOL will receive fully vested and
performance-based warrants to purchase shares in bid.com.
The
partnership will use AOL's sales force of over 600 to build
advertising and e-commerce opportunities across all bid.com
sites and those of its affiliates as well as supporting
new product and service launches.
Shares of
bid.com closed Wednesday at 7-31/32, while AOL shares
closed up 3-1/8 to 125 Wendsday on the New York Stock
Exchange
Posted: 07/08/1999 12:53 pm EDT
as a reply to: Msg 15874 by Andrew44444444
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