InternetNews Staff

Kinetics Asset Management’s mutual fund The Internet Fund has been sold to New York investment firm LePercq, de Neuflize & Co., for an undisclosed amount. The Wall Street Journal reported Friday that the hugely successful fund will continue to be managed by Ryan Jacob. Jacob, the former research director at the IPO Value Monitor, has […]

The Hindujas are setting up a new company that will provide backbone services like international leased circuits to the Internet to private sector Internet Service Providers (ISPs), according to sources. The group is planning to invest an estimated Rs 100 crore over a two-year period in the venture which will also provide gateway services to […]

CyberHotel Network, developed by Singapore company MediaManager Pte Ltd., will have a total of six hotels as members before this June and will upgrade services to include network gaming and e-commerce by April. Grand Hyatt Singapore has just joined CyberHotel Network this March making it the third hotel in the country, besides Le Meridien Changi […]

Sarasota, FL-based CyberQuest Group Inc. said it has acquired an e-commerce shopping mall and related assets from The Outlet Mall Network Inc. in a stock and options deal valued at $1.03 million. The site, located at www.theoutletmall.com, features more than 70 online stores selling primarily name brand merchandise shipped factory direct to consumers. Mark E. […]

Cambridge, MA-based Exchange.com, formerly e-Niche Inc., said it plans to launch a family of highly vertical online marketplaces, and to that end has acquired Bibliofind, a rare and antique book Web site. The company is also developing MusicFile, a destination site for hard-to-find and vintage music. That site is scheduled to launch in April. These […]

Inktomi Corp. Thursday announced agreements with eight new companies that plan to incorporate the company’s search platform into their online offerings. Inktomi has sealed deals with BellSouth, European Internet provider chello broadband n.v., Swiss asset manager ComBus, systems integrator Global DataTel, GoProfit,StarMedia Network, ThundaTech and 4anything.com. The additions bring Inktomi’s total number of search customers […]

In October 1995, GeoCities had 14 online neighbourhoods of topical interest among 10,000 members. Today, it is rated as the fifth most trafficked Web site on the Internet with over 3.5 million members generating over 1.6 billion page views every month. David Bohnett, GeoCities CEO, attributes the growth in large part to the company’s members […]

CBS Corp. is reportedly eyeing other Internet investments in hopes of continuing to expand its online reach and satisfy Wall Street’s increasing demand for Internet issues. According to published reports, CBS Chief Executive Officer Mel Karmazin told entertainment industry executives Wednesday more deals are coming over the next few months, but he would not elaborate. […]

Internet enterprise applications provider BroadVision, Inc. Thursday announced plans to begin a $10 million venture arm. The BroadVision E-Everything/E-Everywhere Network Fund, also called the BE4 Fund, is aimed at e-business startups that employ BroadVision products and services. In addition, the company will also offer fledgling companies preferred pricing that it terms “aggressive and flexible prices” […]

America Online, Inc. and online auctioneer eBay Inc. Thursday said they have expanded their previous alliance under a new four-year, $75 million pact aiming to further e-commerce opportunities. Several of the AOL’s sites will sites promote eBay features, listings, message boards and content to AOL’s 16 million members across AOL brands including, including AOL, AOL.COM, […]

Specialty online retailer Millionaire.com Wednesday confirmed the Securities & Exchange Commission is investigating the company’s finances. Specifically, Millionaire.com (MLRE) said the SEC’s investigation centers around the company’s efforts to raise money and whether there has been improper trading of the company’s stock which is traded on the over-the-counter bulletin board. “Management is cooperating fully wth […]

Television Corp. of Singapore (TCS) together with IBM Singapore and IBM’s Lotus Professional Services has developed a prototype, e-Link, for the management of advertisement bookings and inquiries on TCS. This e-Link service for advertising agencies and media independents is expected to be ready in September this year. The system is built on IBM’s Netfinity servers […]