Buyers spent nearly $6 billion to acquire 130 Internet companies last month, according to Webmergers.com, a research-backed online market for buyers and sellers of dot-com companies. Acquisitions of Internet companies during the month more than doubled the shut-down rate, with a reported 52 dot-coms closing their doors during the same period. A total of 57 of the acquisitions were Internet destinations, a category that includes retail sites, in deals representing about $1 billion. Europe was a significant focus of both buying and selling activity, with major deals of the month including eBay’s acquisition of European online auction company iBazar S.A. in a stock deal valued at between $66 million and $112 million. Webmergers.com notes that at least 327 dot-coms including b2b and b2c sites have shut down since January 2000, with half of those closures occurring in the past three months.
February sees brisk trade in Internet companies
Sales of dot-com companies outnumbered shutdowns in February, according to Webmergers.com.
Senior Executive Editor