Articles by Rob Conlin

Internet healthcare company Healtheon/Web MD (Nasdaq: HLTH) announced today that it will acquire the ENVOY Corporation, a large provider of electronic data interchange (EDI) services to the healthcare industry, for approximately $2.5 billion (US$) The Atlanta, Georgia-based Healtheon/Web MD said that the acquisition will allow it to process two bil...

Internet service provider Internet Gold (Nasdaq: IGLD) has announced that it will continue to expand e-commerce in Israel by forming an online brokerage with three partners Internet Gold, which has approximately 165,000 subscribers, will take an initial 25 percent stake in the joint venture with the A.B. Watley Group (Nasdaq: ABWG), a New York-base...

Business-to-business (B2B) e-commerce provider Commerce One (Nasdaq: CMRC) and Swiss telecom provider Swisscom (NYSE: SCM) announced Tuesday that they will join forces to establish a B2B online marketplace in Europe Swisscom will launch a marketplace based upon the Commerce One MarketSite solution, the companies said, linking buyers and sellers thr...

YouBet.com (Nasdaq: UBET), an online gambling site based in Los Angeles, has reportedly agreed to pay $1.3 million (US$) to California authorities to settle an investigation into the company's online horse racing operation in the state According to published reports, the company will pay a $600,000 civil fine, donate $500,000 to charitable causes a...

Online grocer HomeRuns.com announced today that The Cypress Group, a private equity firm, has purchased a $100 million (US$) majority stake in the Somerville, Massachusetts-based company The company claims that the transaction, which is expected to close in February, is the largest private investment ever made in the increasingly competitive online...

Sports.com Limited, a European sports content provider, announced today that elite athletes Michael Jordan, Tiger Woods, and Shaquille O'Neal will lend some of their considerable resources and name recognition to a second-round funding of the company The subsidiary of SportsLine.com (Nasdaq: SPLN) said it raised $52.5 million (US$) through the issu...

After enduring a flood of negative publicity over a string of high-profile holiday failures, Toys "R" Us is now facing a class action lawsuit brought by a Seattle, Washington attorney Attorney Steve Berman of the firm of Hagens Berman filed the suit in Kings County Superior Court on behalf of a woman who ordered but never received Christmas gifts f...

After coming under heavy scrutiny for an alleged software failure that allowed an unidentified hacker to purloin and publish confidential credit card information on the Internet, CyberCash has issued a terse statement denying that its product contributed in any way to the security breach The hacker claimed in a series of e-mails to a New York Times...

Japanese Internet investor Softbank Corp. announced today that it will continue its aggressive global push by launching a $100 million (US$) fund aimed at the Latin American market The Tokyo-based company is expected to launch the new Softbank Latin American Ventures fund later this month. The venture marks the company's first foray into the nascen...

Cambridge, Massachusetts-based yet2.com, a pioneer in the field of intellectual property buying and selling over the Internet, announced today that it has received $20 million (US$) in backing from a group of high-profile venture capitalists and multinational corporations, including Proctor & Gamble and Honeywell The company, which is viewed by its...

Internet content and applications delivery company Akamai Technologies (Nasdaq: AKAM) said today that it has doubled its customer base to 200 Web properties in the past six weeks, and has added a number of household names in the process The Cambridge, Massachusetts-based company said that its FreeFlow delivery service has attracted, among others, d...

London-based online travel agent ebookers.com (Nasdaq: EBKR) has acquired Norwegian discount travel agency Geotours AS in a deal valued at approximately $1 million (US$) Ebookers, which raised $61 million in an IPO in November, says that it plans to become Europe's largest online travel agency, and will spend some $40 million on marketing and techn...

City information and ticket vendor Ticketmaster Online-City Search (Nasdaq: TXCS) announced today that it has expanded its access to cultural offerings in about 1,500 cities across the United States by signing a marketing and distribution agreement with CultureFinder.com The agreement will make the New York-based cultural events listing and ticketi...

With the new year upon us, America Online (NYSE: AOL) is claiming that its more than 20 million members rang up $2.5 billion (US$) in sales this holiday season, a total that more than doubles last year's figures The Dulles, Virginia-based online giant said that the total spent by its members at merchant sites on its Shop@AOL channel comprised 60 pe...

Online music provider MP3.com (Nasdaq: MPPP) announced today that it will expand its services by acquiring privately held online event planning Web site seeUthere.com in a stock deal valued at approximately $150 million (US$) The San Diego, California-based MP3.com will issue almost six million shares of its stock to acquire seeUthere.com. The comp...

Customer support solutions provider Kana Communications (Nasdaq: KANA) announced today that it has opened regional offices in Munich, Germany and Sydney, Australia The Redwood, City, California-based company said that the Munich office will support the growth of e-commerce in Germany, where it forecasts that $720 million (US$) will be spent on Web ...

The latest figures released by Internet measurement service Media Metrix (Nasdaq: MMXI) show that that this year's holiday e-commerce traffic is up 37 percent over last year, with reigning king Amazon.com leading the way again The figures released by the New York-based company today also reveal a six percent drop-off in online shopping this week, a...

Fighting back against cyber-squatters who they say have fraudulently appropriated versions of sports franchise names to rake in money, a group representing Major League Baseball, the National Football League, the National Basketball Association, and the National Hockey League have filed a lawsuit against an e-mail provider for violating the new Anti-Cybersquatting Consumer Protection Act...

In what the company claims is the largest Web transaction ever recorded, aircraft manufacturer Gulfstream Aerospace Corporation (NYSE: GAC) has sold a jet to a Yahoo! executive for $40 million Gulfstream spokesman Keith Mordoff told the E-Commerce Times that the company conducted extensive research before concluding that the sale of the Gulfstream ...

Online travel services site Leisureplanet announced today that the CNN News Group has taken a $20 million (US$) equity position in the company The firm, which is majority-owned by Leisureplanet Holdings (Nasdaq: LPHL), also agreed to spend $30 million over three years in a promotional campaign across CNN's on-air and online properties.