Articles by Andy Wang

Internet banking services provider Digital Insight (Nasdaq: DGIN) announced yesterday that it is purchasing rival nFront (Nasdaq: NFNT) in a stock-for-stock exchange When the acquisition was announced, the value of the deal was about $439 million (US$), which represented a 55 percent premium over nFront's value after the markets closed on Friday. T...

America Online and interactive entertainment software company Electronic Arts announced a five-year strategic alliance today to create and deliver online games and interactive entertainment content for all AOL properties Under the terms of the agreement, Electronic Arts will guarantee AOL $81 million (US$) and be exclusively responsible for content...

Magazine publisher Playboy Enterprises International, Inc. announced today that the Webcast of its Tuesday night lingerie fashion show, known as "Playboy's Club Lingerie," attracted more than 565,000 visits This volume might seem small compared to the 1.5 million visits that Victoria's Secret attracted for its Webcast fashion show in February, but ...

Brick-and-mortar entertainment retailer Wherehouse Music and online entertainment superstore CheckOut.com announced a strategic alliance today that makes CheckOut.com the exclusive Internet partner for Wherehouse Music The companies will jointly invest $40 million (US$) in their new partnership.

Surprise, surprise. Yet another e-commerce-related software company saw its stock take off on its first day of trading on Tuesday. This time, the big winner was Quintus (Nasdaq: QNTS), which develops software that helps online business manage customer interactions. Quintus priced its initial public offering at $18 a share, and the stock more than tripled on Tuesday, rocketing 37 to 55...

In what is being billed as one of the largest private equity placements ever secured by an Internet company, online car retailer CarsDirect.com announced yesterday that it has closed a $280 million (US$) round of financing All of the company's original corporate and institutional investors, including Internet incubator idealab!, Michael Dell's MSD ...

The stock of e-commerce software company Ariba (Nasdaq: ARBA) has been one of the year's top performers, and things could be getting even hotter for the stock. Shares of Ariba climbed 13-3/8 to 210 on Monday after the company announced a deal with enterprise commerce software company InterWorld (Nasdaq: INTW). Ariba and InterWorld will weave some of their technology together and jointly invest in marketing and sales tools to promote the company's combined solutions. Shares of InterWorld gained 8-1/8 to 67-7/8 on Monday...

Internet search engine Ask Jeeves, Inc. announced yesterday that it has agreed to acquire closely-held online customer-support software maker Net Effect Systems, Inc. for about $288 million (US$) in stock Ask Jeeves will exchange 1.835 million shares for the North Hollywood, California-based Net Effect. When the transaction is completed in the four...

Destination site AltaVista, which has Internet holding company CMGI (Nasdaq: CMGI) as its majority shareholder, announced today that it has signed up 800,000 users for free Internet access in the first three months of the service This enrollment makes AltaVista equivalent to the seventh-largest Internet service provider in the United States.

Agillion, Inc., a business services company that helps small and mid-sized businesses build and manage personalized customer relationships online, announced today that it has closed a $40 million (US$) first round of funding led by such notable investors as Cisco Systems, Goldman Sachs, Morgan Stanley, Hambrecht & Quist, Integral Capital Partners, and MSD Capitals...

E-commerce software and solutions company Commerce One (Nasdaq: CMRC) announced today that it has agreed to acquire privately held CommerceBid.com, which develops business-to-business auction and reverse auction solutions Commerce One will issue approximately 785,000 shares of unregistered common stock and approximately $4.5 million (US$) in cash t...

Snap.com and Xoom.com announced today that they have signed a three-year, $75 million (US$) agreement with Healthgate Data Corp., a health and medical resource site The companies say that the deal will make HealthGate the primary anchor tenant in seven co-branded centers within Snap's Health Channel and calls for Xoom to offerco-branded e-commerce ...

In a broad three-year alliance between two leading interactive media and entertainment companies, America Online (NYSE: AOL) will invest $30 million (US$) and take an equity stake in Viacom subsidiary Blockbuster.com The deal will make Blockbuster a premier video provider on AOL's Entertainment Channel via a co-branded site that is scheduled to be ...

Bookseller Barnes & Noble (NYSE: BKS) announced today that it has acquired a 49 percent stake in iUniverse.com, a company which bills itself as the largest Internet publishing portal iUniverse.com aims to empower out-of-print writers and new writers with publishing services that they are unable to get from traditional publishers.

Bookseller Barnes & Noble (NYSE: BKS) announced today that it has acquired a 49 percent stake in iUniverse.com, a company which bills itself as the largest Internet publishing portal iUniverse.com aims to empower out-of-print writers and new writers with publishing services that they are unable to get from traditional publishers.

Name-your-price retailer priceline.com (Nasdaq: PCLN) reported a more than 15-fold increase in third-quarter revenue and a net loss that beat analysts' estimates on Thursday, but its stock price still fell in early trading today After the markets closed yesterday, priceline.com reported third-quarter revenue of $152.2 million (US$), a 1,551 percent...

Amazon.com (Nasdaq: AMZN), the Web's most-visited e-commerce site, reported a sharp rise in revenues when it announced its third-quarter results after the financial markets closed on Wednesday However, as expected, the company also reported a sharp rise in losses.

Online investment bank Wit Capital (Nasdaq: WITC) announced yesterday that it is partnering with privately held enba, a European online-only financial services company, to launch a European investment banking firm The new firm, to be known as Wit Capital Europe, will be based in Dublin, Ireland and is scheduled to open in early 2000. The partnershi...

Go2Net (Nasdaq: GNET), the online network backed by Paul Allen's Vulcan Ventures, announced today that it has acquired free Web site building and hosting service FreeYellow.com Go2Net will pay $19.5 million (US$) in cash and stock for FreeYellow.com, which reached more than 1.8 million unique users in September, according to Media Metrix. FreeYello...

Excite@Home (Nasdaq: ATHM) announced today that it has agreed to purchase online greeting card company Blue Mountain Arts Publishing for approximately $780 million (US$) in cash and stock, with the possibility of a bonus stock issue that would push the deal above $1 billion According to Media Metrix, an online Internet and Digital Media measurement...