Stamps.com to Buy iShip.com
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The deal makes Stamps.com (STMP) the first online service to offer small business and corporate enterprise customers a sole source for mailing and shipping needs.
Now clients have one-stop access to mailing, shipping and tracking services with the combination of iShip's multi-carrier shipping technology and Stamps.com's Net postage service.
Stamps.com will fork over 8 million shares of its stock for all outstanding shares, options and warrants of iShip. iShip brings an impressive clientele list to the table, including eBay (EBAY), Intel (INTC) and Mail Boxes, Etc (MBE).
Also last week, Stamps.com launched its online postage service, enabling consumers to print usable postage from their homes and businesses using only a computer, printer and Net connection.