Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
A new study by Webmergers reports that 21 dot-com companies have closed in the first half of November, nearly as many as in all of October. Since the beginning of the year, 130 have shut their doors, 100 of which were in the b2c market. Nearly 8,000 people have lost jobs as a result. Webmergers believes the largest reasons for the shutdowns are: an unsustainable business model, companies waiting too long to find additional funding or to try to sell, and buyers no longer being interested in acquiring companies to get talent since the troubles of other dot-coms has made so much talent available. Highlights of the report and discussion are available at .