Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: puborectalis who wrote (100783)	4/27/2000 11:17:00 AM
From: r.edwards	of 108040

VERT Verticalnet and SoftBank team up ! HONG KONG, April 26 (Reuters) - Hong Kong Internet firm Pacific Century CyberWorks (PCCW) has invested in California-based online transaction processing firm escrow.com, the U.S. Internet start-up said on Wednesday. Along with four other investors, PCCW contributed an undisclosed amount to escrow.com's ``series C'' third round financing, which amounting to a total of US$30 million, escrow.com said in a statement. Japanese Internet investor Softbank Corp , Chase Manhattan Corp (NYSE:CMB - news), business-to-business website operator VerticalNet Inc (NasdaqNM:VERT - news) and MGEN Tech Fund I, a U.S. investment group, also contributed to escrow's third round financing. Escrow.com, a provider of online transaction management services, escrow and logistics tracking, was founded by Micro General Corp (NasdaqNM:MGEN - news) and Fidelity National Financial (NYSE:FNF - news). PCCW shares ended down 3.36 percent or HK$0.45 at HK$12.95 on Wednesday.

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