×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

VerticalNet completes acquisition of NECX Exchange

Published on .

Most Popular
Horsham, Pa.--VerticalNet has completed its acquisition of NECX Exchange, Peabody, Mass., the world's largest Internet-based business-to-business marketplace for the electronics industry. The addition of NECX Exchange's Net venue (www.necx.com) greatly expands VerticalNet's reach into the online marketplace for items such as semiconductors. Terms of the deal include payment of $10 million in cash, the issuance of stock with a current market value of about $95 million and the assumption of an undisclosed amount of debt.
In this article: