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CMGI Marks Turnaround with $230M Modus Buy

After spending years in sell-off mode, Internet-era darling CMGI has returned to bullish acquisition mode, saying it will pay a combination of cash and stock worth approximately $230 million to acquire supply chain management firm Modus Media. CMGI said the deal also highlights a return to its origi...

Google Jumps Deeper into Targeted Ad Market

In an effort to solidify its niche in the online advertising market, search engine Google has launched an advertising service that will deliver Web pages with targeted, sponsored links instead of random banner ads. "Relevance is what matters to users," Google spokesperson David Krane told the E-Comm...

Overture Challenges Google with AltaVista Grab

Overture Services has announced it will pay $140 million to acquire once-venerable search engine AltaVista from dot-com incubator CMGI. The fire-sale price represents a bargain for Overture and a disaster for CMGI, which paid Compaq $2.3 billion for an 83 percent stake in the company in June 1999. O...

E-BUSINESS SPECIAL REPORT

E-Commerce Shooting Stars – Where Are They Now?

Idealab and CMGI were among the most widely praised models of the New Economy. But they were both hit, and hit hard, by the implosion of the dot-com sector. Now, they are in the fight of their lives to survive. The questions facing these companies are big ones. Can Idealab generate enough brainstor...

E-BUSINESS SPECIAL REPORT

Where Do Tech VCs Stand Now?

Numerous venture capitalists are nursing wounds sustained when companies collapsed and stopped going public at a record clip. But most of the VC firms that can trace their roots back to the pre-boom era are still hanging on, if not thriving. "Those who came late to the party and tried to grab all...

Fallen Dot-Com Star CMGI Drops Stadium Deal

Dot-com incubator CMGI said it has negotiated to end a 15-year, $114 million deal that called for its corporate name and logo to adorn the stadium where the Super Bowl champion New England Patriots play football. Razor and battery maker Gillette will take over the naming rights. While the move ca...

Softbank Cashes Out on E*Trade, Takes Loss

Japanese Internet venture investor Softbank has sold its remaining stake in E*Trade, taking a loss as part of an effort to realign its holdings and reduce its exposure to the dot-com world. Softbank said it sold a total of 12 million shares of E*Trade stock for $3.60 each, raising $43 million. Wh...

Furniture.com Returns from Dot-Com Graveyard

More than 18 months after becoming a symbol of the sharp rise and spectacular fall of many pure-play e-commerce ventures, Furniture.com is poised to return from the dead under new ownership with a new business model. Furniture.com president Carl Prindle, who was executive vice president of the or...

Akamai and CMGI Team Up On Content Delivery

Content delivery service Akamai Technologies (Nasdaq: AKAM) and capital investment firm CMGI (Nasdaq: CMGI) announced today that they have reached a broad agreement to collaborate on developing technologies to deliver Internet content and applications.

Elon Musk's Dec. 2 action to release The Twitter Files: Approve or Disapprove?
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