January 19, 2001, 12:00 AM

Ailing CDNow Nears Merger

CDnow, Port Washington, Pa., says it will announce a merger partner by June 30, a move that boosted its stock price and quelled concerns that the online music seller would fall victim to the Internet shakeout. CDnow founder and CEO Jason Olim on Friday said in a statement that the company "has attracted a number of investors· and is on schedule with its investment process." The company has a short list of prospective investors and merger partners whittled from more than 24 companies that have expressed an interest in acquiring or buying a stake in the company, it says.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Wendy Wallner / Mobile Commerce

How retailers can make their mobile apps ‘stickier’

An app should be the easiest way to make a purchase, and offer other benefits, ...

FPO

Emily Carrion / Mobile Commerce

5 ways retailers can spiff up their mobile apps for the holidays

Effective apps not only boost sales, they provide an easy way to obtain customer feedback.

Advertisement