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News Stories Thursday, May 10, 2001   
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800.com buys assets of competitors


Consumer electronics retailer 800.com has acquired the assets of Roxy.com, another consumer electronics sites, and Everything Wireless, a direct marketer of wireless products. The companies did not release financial terms of the deal. Under the agreement, 800.com will have all rights to the two companies’ URLs, database of 800,000 names, and catalog and creative assets. The acquisition also marks 800.com’s entrance into the wireless phone market. The company says it expects the acquisitions to have an immediate impact on revenue and gross margins. 800.com offers more than 200,000 products, including electronics, movies and music.

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