NBCi Snags B2B Destination
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The site targets small businesses and entrepreneurs, offering information on starting, managing and growing a business. It features expert advise as well as a variety of tools and information.
NBCi will pay $225 million in stock for the site. The deal is expected to close at the end of the first quarter.
AllBusiness.com will become a member of NBCi's ComFind business directory and Snap!'s Business Network. NBCi said Wednesday's acquisition is part of an ongoing plan to unveil more business-to-business initiatives.
Leading the integration of AllBusiness.com into NBCi's existing assets will be Alan Braverman, president of its business-to-business division. Before joining NBCi, Braverman was one of Wall Street's most influential Internet analysts, serving at both Banc of America Securities and Deutsche Bank.