SB will pay 17 cents per share for the company, based on Friday's closing price, for a total cost of $23 million. As part of the deal, SB Acquisition is providing the company with immediate interim financing of $9 million.
Buy.com, once an Internet high-flyer with a market cap in the billions, had received a delisting notice from Nasdaq last month. -- Catharine P. Taylor
Copyright August 2001, Crain Communications Inc.