The announcement, made late Monday, comes on the heels of the launch of Zap.com, the company’s
first real move on the Internet since acquiring Word and Charged. The
company made headlines last year when it entered into agreements to acquire
dozens of sites, announced it would build the “roach motel” of the
Internet and even tried unsuccessfully to acquire Excite. After
canceling plans to buy the sites, then holding back on new initiatives for
months, the launch of Zap.com and the hiring of DoubleClick (DCLK) may signal that
the company is really in the business after all.
“As we move quickly to build and deploy the Zap Network, we are putting
into place a group of top notch Internet technology companies to ensure a
successful implementation,” said Avram Glazer, president of Zap.com.
“DoubleClick is the leader in online advertising solutions and we believe
that its technology will position us well to pursue our goal of becoming
one among of the top sites on the Web.”
Glazer says he intends to build the Zap Network into a leading advertising
and e-commerce platform. The company, a spin-off of the Zapata Corp.,
went public earlier this month and its stock is now trading over the counter.