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Technology Stocks : Softbank Group Corp

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Nov 5 3:59 PM EST

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To: manohar kanuri who wrote (3328)	1/17/2000 3:02:00 AM
From: Hans U. Tschanz	Read Replies (1) of 6018

Softbank Commerce/VerticalNet JV Monday January 17, 2:28 am Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) Softbank Commerce, VerticalNet to set up JV in Feb TOKYO, Jan 17 (Reuters) - Softbank Commerce Corp, a subsidiary of giant Japanese Internet Investor Softbank Corp , said on Monday it and VerticalNet Inc (NasdaqNM:VERT - news) of the United States will set up a joint venture in February. The new company, ''VerticalNet Japan Corp,'' will be capitalised at 400 million yen and provide business-to-business electronic commerce services. Softbank Commerce will own 60 percent of the venture, while the remaining 40 percent will be taken by VerticalNet, which promotes Internet communities in specialised business areas in the United States

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