The Internet sector kept hemorrhaging in May as 54 companies shut down, bringing the total of dot-coms turned dot-bombs to at least 493 since January 2000
Published:
8 June 2001 y., Friday
The Internet sector kept hemorrhaging in May as 54 companies shut down, bringing the total of dot-coms turned dot-bombs to at least 493 since January 2000, according to Webmergers.com, an online marketplace that tracks Internet business activity.Buyers spent $3 billion for 110 Internet companies in May, up from $2.6 billion for 115 in April.
Major M&A deals for Internet companies in May included the $372 million paid for MP3.com by Vivendi Universal, the $340 million purchase of Digital Island Inc. by Cable & Wireless Plc, the $147 million acquisition of Freshwater Software by Mercury Interactive Corp. and $33 million paid for SkillsVillage by PeopleSoft Inc.
Šaltinis:
msnbc.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Business to get a break under streamlined EU VAT rules.
more »
Thales UK`s naval business has yesterday signed a major sub-contract with Finning (UK) Ltd for the supply of propulsion engines and machinery for its new Lithuanian warship reactivation programme.
more »
The EU Budget 2009 provides more money for growth, the environment, jobs, research and food aid for developing countries.
more »
On day one of the World Economic Forum in Davos, the mood of this traditionally bullish event -- pure gloom.
more »
In December 2008 against December 2007 the turnover of retail trade enterprises decreased by 8.8 per cent.
more »
Mexican financial institution Banco Santander has awarded Wincor Nixdorf AG a contract to service all 4,000 of its ATMs installed in Mexico.
more »
Wincor Nixdorf AG spent much of its time at this year's Wincor World demonstrating how Wincor Nixdorf can support financial institutions and retailers through innovation.
more »
South Korea may be feeling the chill wind of recession but the country's lucrative gambling industry is cashing in.
more »
Modest revenue growth despite difficult economy; announces cost management initiatives.
more »
Tens of thousands of export firms on China's seaboard have closed due to falling demand in major European and North American markets.
more »