INTERNAL E-MAIL IDs DIVINE AS BUYER OF MARCHFIRST

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(March 29, 2001) In an e-mail obtained by Advertising Age and purportedly sent to a select group of MarchFirst employees late on March 28, the company's Central Group and some other MarchFirst assets "have found a buyer and the deal is all but complete."

The e-mail identifies the buyer as Divine Inc., which has been widely rumored as a potential buyer of some of the troubled company's assets. The memo, which is believed to have come from HostOne Executive Chris Vaugn, states that Divine has purchased assets including HostOne, a MarchFirst unit in the application services business. The deal may be announced today. for more, read the full story and e-mail. -- Kate MacArthur and Catharine P. Taylor

Copyright March 2001, Crain Communications Inc.

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