Maura Ginty

In a nod to the future of cross border trading, Global Crossing Ltd. Tuesday bought IP network services firm IXnet and its parent company IPC Communications for $3.8 billion in stock. Under the terms of the deal, Global Crossing (GBLX) will release 1.18 million shares for each IXnet (EXNT) share not owned by IPC, which […]

Oracle Corp. and Telia Friday sealed a joint venture to co-create and globally market a new line of wireless Net services. The as-yet-unnamed company will be based in Sweden, and will link the wireless projects from both companies. and Telia. Oracle’s (ORCL)Portal-to-Go, a platform-interoperable Net content delivery product which is still in development, will play […]

chinadotcom corp. Thursday signed Nirve Sports for a joint venture to push the Nirve brand in Asian markets. Under the terms of the agreement, chinadotcom corp. (CHINA) will take a majority 51 percent stake in the joint venture and will become Nirve Sports’ exclusive online distribution partner in Asia. The Hong Kong-based, Nasdaq-listed Net company […]

NEC Thursday joined eBay in its Japan venture, an alliance that eBay expects to boost its market entrance. Under the terms of the deal, NEC (NIPNY) will take a stake in eBay Japan, reportedly a holding of up to 30 percent, in addition to contributing resources from its ISP, BIGLOBE, and other marketing and promotion […]

CBQ Wednesday unveiled a venture plan to bring Lycos and Mexican news provider El Economista together to set up portals for the Mexican and Central American audience. El Economista will provide content to the portal, while CBQ and Capital House Merchant Banking, LLC to finance the Mexico sites. Content and e-commerce initiatives will be cross-promoted […]

Internet audience measurer Media Metrix, Inc. Wednesday officially opened the doors of Media Metrix Japan, Inc. The company will launch its services with the Kanji Meter, a specific measurement tool for the Japanese market which Media Metrix said has been tested extensively prior to the launch date. Media Metrix (MMXI) is aiming for the world’s […]

Autobytel, Inc. Tuesday parked its business model in a fourth continent. The online car seller allied with Australia’s St George Bank Ltd. and others to form Autobytel Australia, in which Autobytel.com (ABTL) will own a 30 percent stake. The site is expected to launch by the middle of this year. St. George will provide financial […]

ITN and Virgin Records were among the content businesses hopping on Freeserve‘s bandwagon Monday as it started down the road to ADSL services. The original British free ISP said it would enter British Telecom’s ADSL trials in Manchester and London. In preparation for new services to be added through ADSL adoption, Freeserve (FREE) signed on […]

Softbank and the World Bank this week joined in an $500 million initiative with no lesser goal than to bring the developing world online. The World Bank’s International Finance Corp. (IFC) and Softbank will incubate Net companies in 100 developing countries, using the newly formed Softbank Emerging Markets (SBEM) as the vehicle for investment. IFC […]

Telefonica S.A. Friday signed a far-reaching accord with Banco Bilbao Vizcaya Argentaria to swap stock, delve into new delivery formats, jointly target the B2B market and integrate one of Spain’s conventional banks with its first online bank. BBVA, which previously held a minority stake in Telefonica (TEF), will see its holding rise to 10 percent. […]

Pacific Century CyberWorks Ltd. Friday revealed it has its fingers in several major pies throughout the Pacific Rim, including Cable & Wireless HKT and Hong Kong’s Golden Power. PCCW Friday also agreed to make a $1 billion share swap with Hikari Tshushin Inc. which will leave PCCW with a 1.65 stake in the Japanese conglomerate […]

A Brazil-based books, CDs and toys seller Wednesday landed $71.3 million in its second round of financing, a catch which its investors believe is the largest investment in an overseas e-tailer. Net investor TH Lee.Putnam Internet Partners (THLi) and European venture capitalist Europ@web led the investment in Submarino.com. Other investors included Capital Riesgo Internet-Banco Santander […]