January 19, 2001, 12:00 AM

What Am I Bid on These Boxers?

It's said you can buy just about anything online at eBay. Now, you can buy an Internet retailing company as well. The web site Underneath.com, an online seller of underwear, went up for auction on eBay this week. Minimum bid for the 6-person, privately held C-corporation is $3.8 million, the amount of an offer the company already had received from another retailer. The auction, believes CEO Jeffrey Johnson, may drive up the price. The auction will last a week, but the Atlanta-based firm's move on eBay already has the attention of competitors. Rick Ross, president and CEO of myUndies.com, is circulating an email encouraging buyers eyeing Underneath.com to take a look at myUndies as well.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Patrick Smarzynski / E-Commerce

What the changes at eBay mean for sellers

The online marketplace introduced new rules for sellers last month. It’s crucial that sellers understand ...

FPO

Mark Feinstein / E-Commerce

A quick guide to global e-commerce opportunities

Consumers in many countries are buying more online each year. Understanding the nuances of each ...

Advertisement