BlueLight.com secures $80 million investment

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Kmart Corp. participated in investing an additional $80 million in its free Internet service provider, BlueLight.com. Other investors include Softbank Venture Capital and Softbank Capital Partners. BlueLight.com recently launched its preview shopping site, as a precursor to a fall launch. Also, Gilbert W. Harrison, current chairman of Financo, was appointed to the board of BlueLight.com.

Copyright August 2000, Crain Communications Inc.

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