Etoys to file for bankruptcy

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Once-highflying Internet retailer eToys said it would file for bankruptcy. The company expects to file within the next five to 10 days, citing outstanding liabilities of about $274 million. The company said that the stock, which it expects to soon be delisted from Nasdaq, was "worthless" and that the site would likely close early next month.

Copyright February 2001, Crain Communications Inc.

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