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To: Glenn D. Rudolph who wrote (116840)2/2/2001 11:38:01 AM
From: H James Morris  Read Replies (1) | Respond to of 164687
 
I know it was not one of Kleiners better deals.
Btw
Are you having a problem with your trigger finger?
>Last Update: 2:37 AM ET Feb 1, 2001 NewsWatch
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SAN FRANCISCO (CBS.MW) - Online auto broker Greenlight.com has become the latest dotcom wonder to drive off into the wild blue yonder.

Rival CarsDirect.com announced Wednesday that it has bought Greenlight in an all-stock deal, picking up another 500 dealers to its 2,500.

Greenlight was founded in 1999, a year after CarsDirect.com and was never able to achieve the scale of its larger rival despite the backing of Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers. It took on an additional partner in Amazon.com (AMZN: news, msgs) last year when it bought a 5 percent stake in the company.

"The consolidation now enables a critical next step -- the creation of a clear market leader with the world-class services, resources, marketing power and the superior dealer network needed to truly delight the growing number of online car buyers," said Joel Manby, CEO of Greenlight.

Most, if not all, of Greenlight's 75 employees will lose their jobs, the Associated Press reported.