Stock Watch: B2B Moves Bolster ShopNow.com

Shares of online marketplace ShopNow.com (Nasdaq: SPNW) soared nearly 18 percent on Tuesday, climbing 3 to 20 after the company announced that it has launched b2bNow.com, a B2B portal. ShopNow.com also announced the acquisition of privately held AXC Interactive, a B2B services firm that develops e-commerce applications, for about $13 million in cash and stock. AXC Interactive’s customers include Microsoft and RealNetworks.

Last Thursday, ShopNow.com announced that it had signed an infrastructure deal with Inktomi. ShopNow.com will integrate Inktomi’s e-commerce services throughout its network, which include its own site as well as affiliate sites.

Leave a Comment

Please sign in to post or reply to a comment. New users create a free account.

How often do you receive an email that you suspect is fraudulent?
Loading ... Loading ...

LinuxInsider Channels