January 19, 2001, 12:00 AM

Buy.com Completes Telstreet Purchase

Internet "superstore" Buy.com has completed the acquisition of Telstreet.com, an online retailer of wireless phones, service and accessories. The acquisition adds a new product category to buy.com's existing Web site, which already includes computer products, software, consumer electronics, books, music, videos and DVDs, games, golf, sports clearance items and a business superstore.

In connection with the acquisition, Aliso Viejo, Calif.-based buy.com issued an aggregate of approximately 1.36 million shares of its common stock in exchange for all of the outstanding capital stock and options of Telstreet. A portion of the shares will be held in escrow pursuant to the terms of the acquisition agreement. The merger will be accounted for under the purchase method of accounting.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Shmuli Goldberg / E-Commerce

Five tips for winning Amazon's Buy Box during the holiday season

Negative deliveries and bad feedback will keep you from the coveted spot on Amazon.com. On ...

FPO

Jochen Moll / B2B E-Commerce

Grasping the global dimensions of B2B e-commerce

To successfully sell online to businesses around the world suppliers must get a lot of ...

Advertisement