Software giant Microsoft Corp. (Nasdaq: MSFT) has announced plans to invest $100 million (US$) in VerticalNet, Inc., an owner and operator of 55 industry-specific Web sites that function as online business-to-business (B2B) vertical trade communities. The new partnership is intended to help small and medium-sized businesses do business online.
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Microsoft To Invest $100M in B2B Venture
Posted by: Paul A. Greenberg January 21, 2000 12:00 AMSoftware giant Microsoft Corp. (Nasdaq: MSFT) has announced plans to invest $100 million (US$) in VerticalNet, Inc., an owner and operator of 55 industry-specific Web sites that function as online business-to-business (B2B) vertical trade communities. The new partnership is intended to help small and medium-sized businesses do business online.