January 19, 2001, 12:00 AM

Ailing CDNow Nears Merger

Don Davis

Editor in Chief

CDnow, Port Washington, Pa., says it will announce a merger partner by June 30, a move that boosted its stock price and quelled concerns that the online music seller would fall victim to the Internet shakeout. CDnow founder and CEO Jason Olim on Friday said in a statement that the company "has attracted a number of investors· and is on schedule with its investment process." The company has a short list of prospective investors and merger partners whittled from more than 24 companies that have expressed an interest in acquiring or buying a stake in the company, it says.

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...

FPO

Sergio Pereira / B2B E-Commerce

Quill turns to its B2B customers for new ideas

Coming in April is a new section of Quill.com that will let customers and Quill ...

Advertisement