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Technology Stocks : Softbank Group Corp

SFTBY 81.06

-8.3%

Nov 4 3:59 PM EST

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To: sunny who wrote (53)	4/6/1999 10:23:00 PM
From: TobagoJack	Read Replies (1) of 6018

The aggregation continues ... Softbank To Acquire Online Car Sales Business From Tokyo Net Firm TOKYO (Nikkei)--Softbank (9984) said Monday it will purchase automobile sales-related business from Tokyo-based Internet firm NetAge Inc. by October for several hundred million yen. The business, which introduces potential car buyers to dealers online, will be integrated into an online car sales venture to be jointly set up by Softbank and U.S. software giant Microsoft Corp. NetAge started the Net Dealers service on Feb. 15, and now does business with 60 dealers handling vehicles made by Japanese automakers, including Mitsubishi Motors Corp. (7211) and Mazda Motor Corp. (7261). The company has already introduced 800 prospective buyers to member dealers and has a list of 5,000 potential customers. (The Nikkei Industrial Daily Tuesday edition)

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