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MORE INTERNET COMPANIES WEAR WHITE, NOT BLACK

Published on .

According to Webmergers.com, there were more marriages of Internet companies in February than there were funerals. The site said a total of 130 Internet companies were bought during the course of the month for a total cost of $5.8 billion. During the same period, a total of 52 dot-coms closed shop.

Much of the merger and acquisition activity occurred in the infrastructure sector, which accounted for 46 of the acquired companies. A total of 57 Internet destinations were acquired during the course of the month, along with 22 companies that fall into the category of Internet agencies and consultants. There was also some acquisition activity in the access provider marketplace. -- Catherine P. Taylor

Copyright March 2001, Crain Communications Inc.

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