Retail Industry
Industry: Email Alert RSS FeedBertelsmann to the rescue for CDNow.(Brief Article)
Video Business, July, 2000 by Wilson, Wendy
CDNow found a friend in Bertelsmann last week when the international media company agreed to buy the financially troubled e-tailer for $3 per share, or about $117 million. CDNow will become a wholly owned subsidiary of Bertelsmann's e-Commerce Group as well as the parent company's "primary engine" for music commerce ventures in the world of online, mobile and broadband technologies.
Bertelsmann's agreement to acquire CDNow ends the e-tailer's long search for a buyer or major investor following news that it did not have sufficient cash flow to finish out the year (VB, 4-17).
Premium Content Partnership |
HighBeam Research provides an in-depth online archive library of reference works.
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
