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RealTime IT News

What's Buy.com Buying?

Allscripts + ChannelHealth, Buy.com + Telstreet.com, Nettaxi.com + GoHip.com, Packeteer + Workfire Technologies, Spatial + Prescient Technologies







 Buy.com (BUYX) to acquire Telstreet.com

 

   *  Amount:         $8 million

 

   *  Terms:            1.6 million shares
 

   *  Premium:        n/a

 

   *  Industry:        E-tailers

 

   *  Scorecard:      C+

 


    ALISO VIEJO, July 13--Buy.com , a leading Internet superstore, announced a definitive agreement to acquire privately held Indianapolis-based Telstreet.com, an e-tailer of wireless phones, service and accessories. The Telstreet.com acquisition will add a new product category to Buy.com's existing Web site, as well as allow buy.com to take advantage of the expanding marketplace for wireless products and services on a global level. In connection with the acquisition, buy.com will issue an aggregate of approximately 1.6 million shares of its common stock.

     

 

 Allscripts (MDRX) to acquire ChannelHealth

 


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