InternetNews Staff

MVP.com Tuesday signed a 10-year deal with sports media site SportsLine.com Inc. worth $120 million. The new sports destination will pay SportsLine.com Inc. (SPLN) $120 million to be an exclusive e-commerce partner. MVP.com also received an unspecified equity interest in the CBS SportsLine subsidiary. MVP.com was created in partnership with Benchmark Capital, Freeman Spogli & […]

A series of positive analyst comments and strong Media Metrix numbers had Internet issues flying higher in Tuesday’s mid-day trading. At midday, internet.com’s Internet Stock Index had gained 17.35, or 2.09 percent, to 846.01, the Nasdaq Composite had jumped 28.94 to 3812.81 and the Dow Jones industrial average was off 27.83 to 11116.44. NBC Internet […]

Business-to-business e-commerce site ShopNow.com Inc. Monday bought bargain shopping site bottomdollar.com for $50 million in stock. bottomdollar.com, a subsidiary of WebCentric Inc., generates more than 4 million product searches and has more than 1,000 partner sites and 20 product categories. Through bottomdollar.com, WebCentric provides e-commerce throughout the U.S., U.K., France and Canada. bottomdollar.com’s shopping search […]

Positive analyst comments as well as the announcement that the last top-tier portal will be going public had Internet stocks rising again on Monday. Red Hat surprised analysts and investors in its earnings call, but the reaction in its stock price was even more surprising. internet.com’s Internet Stock Index gained 8.44, or 1.03 percent, to […]

In the latest of a flurry of instant messaging deals, InfoSpace.com and Microsoft Corp. Monday merged their instant messenging services. The companies integrated the tools for access through InfoSpace.com’s personal desktop portal to let clients send and receive instant messages anytime, anywhere and on any device. Also, MSN Instant Messenger users will now have access […]

Blue World Communications, Inc.’s Lasso Studio for Dreamweaver is a development environment for creating database-driven Web applications completely within Macromedia’s Dreamweaver. It provides the developer with a visual point-n-click platform on which to develop their applications, and offers support for multiple databases including SQL Server, MySQL, Access, FileMaker Pro, Oracle, and others. Additionally, Lasso provides […]

RealNetworks Inc. and Sumitomo Corp. Monday announced plans to establish an affiliated company to manage a music destination Web site for Japanese users. This Web site will connect Japanese consumers to a large resource of music and artist information such as fan clubs, lyrics, album art, rankings, concert dates and other live appearances. The two […]

While investors were racing to put their money into the latest etail, auction and e-brokerage stocks last winter, Walter Buckley, chief executive officer of Internet Capital Group (ICGE) was busy executing his company’s business plan. The plan is to identify and acquire market leaders, integrate them into the network of partner companies, providing direction, business […]

Internet stocks continued with strong momentum, after positive comments from leading analysts and a string of deals taking place on an unusually busy Friday. internet.com’s Internet Stock Index added 4.09, or 0.50 percent, to 820.22, the Nasdaq Composite climbed 38.00 to 3753.06 while the Dow closed up 12.54 to 11257.43. Internet Capital Group (ICGE) surged […]

Billing software provider Daleen Technologies Inc. Friday acquired e-commerce billing company Inlogic Software Inc. in a stock exchange worth $64.8 million. All of Inlogic’s outstanding shares and options will be exchanged for 2.385 million newly issued shares and options of Daleen. Chief Executive Officer James Daleen will merge Inlogic into its operations with the intention […]

NBC Internet, which includes Snap, XOOM.com, Friday announced a wide-ranging deal with jobs site Headhunter.net. Although specific financial terms of the deal weren’t disclosed, the companies said it was a multi-million dollar pact. The agreement integrates Headhunter.net’s job searching capabilities into NBCi’s flagship Snap portal. These services will be highlighted on Snap television advertisements to […]

Cisco Systems, Inc. did some holiday shopping Thursday, purchasing network consultancy firm Worldwide Data Systems for approximately $25.5 million in stock. The all-stock deal is part of Cisco’s (CSCO) strategy to expand its data and voice networks for corporate customers, the firm said. The acquisition is expected to close in the second quarter of next […]