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CMGI Invests in BizBuyer.com
Posted by: Andy Wang & James Hollander June 22, 1999 12:00 AM

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Last month, business-to-business online marketplace BizBuyer.com announced a $1 million (US$) seed round of financing from investors including eBay (Nasdaq: EBAY) CEO Meg Whitman. Today, the buyer-drive marketplace — founded in September of 1998 and based in Santa, Monica, California — was greatly bolstered with the announcement of a $5 million commitment from @Ventures, the venture-capital arm of leading Internet incubator CMGI (Nasdaq: CMGI).

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