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Mergers a Popular Solution for Ailing Web Firms

News, 23 March 2001


Despite a number of high-profile dotcom deaths in recent months, a greater number of ailing online companies opt for marriage rather than a funeral, according to online merger and acquisition specialist Webmergers.com..

A total of 130 web firms were purchased during February for a combined sum of $5.8 billion. In contrast, only 52 went out of business.

Among the acquisitions, 46 were within the infrastructure sector; 57 were internet destinations; while 22 were online agencies and consultancies. Many of the remainder fell within the category of web access provider.

News source: Advertising Age - Interactive Daily