In its second-largest acquisition, Amazon buys the company for $970 million.
BlueLight.com, Kmart's independent e-commerce company, has signed 1 million subscribers to its free Internet service in 14 weeks since its launch. BlueLight was formed by Kmart and Softbank Investment Capital, with investments from Martha Stewart Living Omnimedia Inc. and Yahoo! Inc.
The million-customer mark comes two months ahead of company predictions and surpasses previous records set by all paid and no-cost Internet service providers. BlueLight.com expects it will reach more than three million subscribers by year-end. A survey of BlueLight.com subscribers found that 40% are new to the Internet or did not have Internet access when they signed on. BlueLight says its ISP is accessible by 96% of the U.S. population. The service boasts more than 3,000 local access numbers nationwide and free 24-hour customer
BlueLight.com's full shopping site will debut this summer.