Web site network Go2Net, Seattle, received a $300 million investment by Paul G. Allen through the sale of about $165 million of convertible preferred stock to Mr. Allen's investment organization, Vulcan Ventures.
Online vitamin and health store MotherNature.com is sponsoring author Chris Kilham's trip to India from March 19 until Wednesday, April 7, to research ayurveda, the Indian approach to herbal health. To tie in with the sponsorship, MotherNature.com created a new section on the site devoted to ayurveda, featuring information and ayurvedic products.
Internet agency and services company US Interactive, New York, acquired Invengen, a Murray Hill, N.J.-based Internet technology and networking company. Invengen's staff will be merged into the US Interactive offices in New York. Financial terms of the deal weren't disclosed.
Affiliate marketing company Be Free, Marlborough, Mass., will create and manage affiliate services for GoTo.com, Cendant Corp. and i/us. Online retailers can vastly expand their sales channels using Be Free's network of merchant sites.
Internet retailer Onsale, Menlo Park, Calif., named Bari Abdul VP-marketing. Mr. Abdul previously served as division marketing director for PepsiCo. He also has held management positions at Procter & Gamble Co. Mr. Abdul will direct the company's advertising, merchandising, direct marketing and creative services teams.
Charles Schwab & Co. beefed up its e-mail offerings with a revamped SchwabAlerts e-mail services. The new system, powered by Exactis.com, Denver, gives users frequent updates on their stock portfolios, positions and watch lists.
Copyright March 1999, Crain Communications Inc.