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CMGI fills $1 billion b-to-b war chest

Published on .

Andover, Mass.--CMGI, owner of AdForce and Flycast Communications Corp. and an array of other Internet marketing companies, has launched @Ventures B2B Fund-a $1 billion fund for investing in developers of Internet business-to-business software, services and portals. Although CMGI has been an active investor in Internet business traders-its holdings include Chemdex, Promedix.com, OneCore.com and Silknet-the new fund means expanded commitment to investment in the b-to-b arena. Creation of the fund sparked unconfirmed reports that CMGI would purchase Internet advertising agency and ad server company 24/7 Media.
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