×

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.

BUY.COM FOUNDER BUYS BUY.COM

Published on .

(Aug. 13, 2001) -- Buy.com, one of the Internet's leading retailers, has been bought by company founder Scott Blum by way of what is being called a merger between Mr. Blum's company, SB Acquisition. and Buy.com.

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.

In this article:
Most Popular