Clint Boulton

Comparison shopping service DealTime.com coaxed $50 million in funding from a slew of investors, including America Online Inc. and Time Warner. This mezzanine round of financing was led by private investment firm Bain Capital, with additional investments from AOL (AOL), Time Warner (TWX), Bank of America, UBS Capital, Hollinger Capital and Singapore Telecom. Warburg Dillon […]

CMGI Inc. added to its business shopping cart Monday with the purchase of e-commerce firm Tallan Inc. in a cash and stock transaction worth $920 million. The firm, formerly known as Business Data Services, will be absorbed by CMGI Solutions, CMGI’s (CMGI) e-business solutions provider. CMGI Solutions will integrate Tallan’s capabilities in data warehousing, data […]

In an ongoing effort to expand its health care business, Healtheon/WebMD Friday pumped about $100 million into InfoCure Corp.’s new online subsidiary VitalWorks.com. With the agreement, Healtheon/WebMD will purchase $10 million in cash preferred stock prior to VitalWorks.com’s IPO, which would equal 1 percent of the VitalWorks outstanding shares after the completion of its initial […]

While many of those planning to hit the malls for Valentine’s Day gifts wait until the last minute, online consumers’ fears that purchases would not reach their loved ones in timely fashion have forced them to procrastinate less since e-commerce traffic for the holiday began picking up the first week of the new year. Of […]

Web hosting provider Exodus Communications Inc. Thursday purchased the professional services division of Network-1 Security Solutions Inc. Financial details were not disclosed. Exodus’ (EXDS) interest in beefing up security comes at a time when numerous large dot-coms have fallen prey to hackers who flood their sites with mail. Exodus said Network-1’s (NSSI) services division will […]

In a continuation of its rapid buying spree, Internet incubator CMGI Inc. Thursday bought auction site uBid.com in a stock exchange worth $407 million. CMGI will issue .2628 CMGI shares for every share of uBid.com held on the closing date of the transaction. Upon closing, uBid.com will become a majority-owned operating company of CMGI (CMGI). […]

Andersen Consulting Wednesday created a global network of 17 dot-com launch centers to help e-commerce start-ups and spin-offs become viable businesses. The firm said it will take up to $1.2 billion in equity over three years from the start-ups as partial compensation for its services and assets, such as intellectual property and knowledge capital. Andersen […]

CMGI-owned AltaVista Co. Wednesday bought online navigation firm Transium Corp. Financial terms of the agreement were not disclosed. Transium will become part of the newly-formed AltaVista Business Solutions Group, which offers global Net search services to e-commerce and portal sites. Transium is AltaVista’s latest step in offering search solutions to e-commerce companies, portals and global […]

Lycos Inc. moved to expand its community offerings Tuesday with its purchase of Valent Software for $45 million in stock. Specific financial details were not disclosed. Valent’s NetClubs, used to put community functions on a Web site, are already used across Lycos’ (LCOS) network . It lets users link to online clubs that meet their […]

In what has become a legal game of tit-for-tat, MP3.com Inc. Tuesday announced it has filed a countersuit against Recording Industry Association of America for alleged unfair business practices. The complaint, which also singles out RIAA President and Chief Executive Officer Hilary Rosen, was filed in San Diego Superior Court late Monday. “Since inception, MP3.com […]

In a move that underscores the e-business sector’s hunger for Linux operating systems, Corel Corp. grabbed Net development firm Inprise/Borland Corp. Monday in a stock exchange valued at $2.44 billion. Inprise/Borland (INPR) shareholders will receive 0.747 Corel shares for each share of Inprise/Borland stock. Corel (CORL) will issue about 53.7 million common shares in the […]

National Discount Brokers Corp. Monday signed a deal with Go2Net, making it the exclusive online broker across the Web network for the next three years. Go2Net (GNET) will receive an annual minimum payment of $7.5 million from NDB.com during the three-year term. The total value of the deal is estimated at about $30 million. The […]