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Technology Stocks : Internet Capital Group Inc. (ICGE) -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (715)10/28/1999 10:30:00 AM
From: William F. Wager, Jr.  Read Replies (1) | Respond to of 4187
 
Internet Capital Buys Stake In Internet Firm For $50M

WAYNE, Pa. (Dow Jones)--Internet Capital Group Inc. (ICGE) agreed to acquire a stake
in eMerge Interactive Inc. for cash and a note totaling $50 million.

In a press release Wednesday, Internet Capital said it expects to complete the purchase
in November, following the expiration of the Hart-Scott-Rodino waiting period.

eMerge Interactive provides electronic commerce and information services for the
animal industry, primarily the cattle segment.

Internet Capital is a business-to-business electronic commerce company.