Merisel Grabs Value America

Technology product distributor Merisel Inc. Friday scooped up the remains of
Value America Inc., which had filed for Chapter 11 protection in August.

The online retailer, considered onic services business. This business involves the
operation of an Internet-based infrastructure system for third-party
manufacturers, vendors and distributors to enable online order fulfillment,
payment and product delivery.

Though Merisel officials did not return calls made Friday afternoon
regarding financial particulars, the firm issued a statement.

“We are very pleased to enter into this agreement,” said David G. Sadler,
chief executive officer of Merisel. “The potential acquisition of Value
America’s assets blends well with our future strategies for Merisel.”

The transaction is expected to close within 30 days.

Value America becomes the latest firm to be absorbed by larger, more secure
firms who can make use of the company’s retail assets.

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