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.

CMGI to acquire uBid.com for $407 million

Published on .

CMGI, an Internet investment company, is acquiring uBid.com, an auction site, in an all-stock transaction valued at approximately $407 million. CMGI plans to accelerate uBid.com business-to-business and business-to-consumer traffic growth and revenue through relationships with its properties such as MyWay.com, iCAST, Yesmail.com and AltaVista. The deal is expected to close in May, pending shareholder and regulatory approvals.

Copyright February 2000, Crain Communications Inc.

Most Popular
In this article: