Working to forge a steel grip in the business-to-business e-commerce sector,
Internet Capital Group
Wednesday took a stake worth about $180 million in stock and cash in
MetalSite L.P. from Weirton Steel Corp.
MetalSite is a premier Net resource
center for the metals industry. The company began operations in 1998 to sell
steel through its e-commerce Web site. Weirton Steel, which developed the
MetalSite concept, will continue to own a significant share of the company.
Weirton Steel is also one of nearly 40 suppliers on MetalSite's Web site.
SITE CLOSED!!!! Bob Brinker - Use New Thread - FULL!::
Internet Capitals purchase effectively valued Metalsite at roughly $500 million. In November, Internet Capital paid $48 million for a roughly 30% stake in the
http://www.suite101.com/discussion.cfm/investing/20946/824-833HOME |
Internet Capital acquires and builds both market makers, which bring buyers
and sellers together by creating
Internet-based markets for the exchange of goods, services and information,
and infrastructure services providers, which sell software and services to
businesses engaged in e-commerce.
Emerging markets in the CIS. | Trade & Development > Economic ::
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http://www.allbusiness.com/primary-metal-manufacturing/steel-product/803466-1.htmlHOME |
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Internet Capital Group Takes $180 Million Stake in MetalSite