×

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.

NetZero snatches online currency site RocketCash

Published on .

Free Internet service provider NetZero agreed to buy RocketCash Corp., a Mountain View, Calif., company that allows teens to make online purchases without a credit card. Under the terms of the deal, NetZero would issue about 5.6 million shares of stock for RocketCash. Based on NetZero's June 29 closing stock price, that would be worth about $36.5 million. The acquisition is expected to be completed in the fall. RocketCash users can pool promotional credits, checks, money orders, gift certificates or cash to make purchases through the RocketCash Currency Exchange. RocketCash said it has 110 e-tailers in its RocketCash Merchant Network, including Alloy Online, Amazon.com and Staples. RocketCash rival PocketCard is also said to be in talks about a potential buyout.

Copyright June 2000, Crain Communications Inc.

Most Popular
In this article: