Internet Capital Group Inc. (ICGE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Internet Capital Group Inc. (ICGE)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rick Buskey who wrote (611)	9/28/1999 4:37:00 PM
From: Mohan Marette	Read Replies (1) of 4187

ICGE acquires stake in Ass-Trade.com - HUH? Richard: Ooops oh it is AsseTrade.com,ok .They had me worried there for a minute :) ================== asseTrade.com Announces $11.5 Million Acquisition of Interest by Internet Capital Group, Inc. ST. LOUIS, Sept. 28 /PRNewswire/ -- asseTrade.com, Inc., a transaction fee-based business-to-business Internet provider of corporate and industrial asset management and recovery services and on-line auctions, announced today that Internet Capital Group (Nasdaq: ICGE - news), has entered into an agreement to make a strategic equity investment of approximately $11.5 million in asseTrade.com. Upon achievement of certain performance criteria, Internet Capital Group will own approximately 25.3% of asseTrade.com. Robert D. Kohn, President and CEO of asseTrade said, ``Internet Capital's acquisition of an interest in asseTrade.com significantly increases our financial, operational and strategic capabilities as we pursue our growth strategy of joint venturing with market leaders in vertical portal industries including high-tech; machine tools; leasing; aerospace; utilities and others. In addition, this investment further validates our business model and the growth potential of the business-to-business e-commerce market....... biz.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next