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Weekly News Digest
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September 25, 2000 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today.
CLICK HERE to view more Weekly News Digest items.
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barnesandnoble.com to Acquire Fatbrain.com, Will Be Featured Bookseller on Yahoo!
barnesandnoble.com (http://www.bn.com) has announced that it will acquire Fatbrain.com, Inc. (http://www.fatbrain.com), the third-largest online bookseller specializing in professional and technical titles for the corporate marketplace. Under the terms of the deal, barnesandnoble.com will acquire Fatbrain.com in a merger, and Fatbrain.com will become a wholly owned subsidiary of barnesandnoble.com. The deal is valued at approximately $64 million. The transaction is subject to regulatory and stockholder approvals.According to the company, Fatbrain.com's Web-based services reach more than 3.5 million employee desktops at almost 350 Fortune 1000 companies worldwide. The company's Information Exchange offering is a comprehensive, Web-based method to catalog, present, and distribute corporate materials, ranging from third-party published works such as books and training materials to a company's own publishable content. There are more than 500 individual Fatbrain.com co-branded online bookstores and information-resource centers, most of which are accessed via the sponsoring organization's corporate intranet. With the acquisition, barnesandnoble.com would own approximately 50 percent of MightyWords, a provider of digital content and formerly a subsidiary of Fatbrain.com. Fatbrain.com also announced an e-book alliance with netLibrary, Inc. (http://www.netlibrary.com). Fatbrain.com will add netLibrary e-books to the solutions currently provided to their corporate customers. netLibrary will host, manage, and distribute e-books to complement Web-based bookstores and information-management systems available through Fatbrain.com. Separately, barnesandnoble.com announced a marketing agreement with Yahoo! Under the alliance, barnesandnoble.com will be the premier bookseller featured throughout the Yahoo! directory (http://www.yahoo.com) and a featured merchant on Yahoo! Shopping. In addition, an in-store retail component of the agreement teams Barnes & Noble, Inc. and Yahoo! with Spinway, Inc. to develop a free, co-branded Internet service for Barnes & Noble retail customers. The service, which is expected to launch next month, will be promoted extensively in 551 Barnes & Noble stores across the country and will include the distribution of CDs to facilitate registrations. Source: barnesandnoble.com
Send correspondence concerning the Weekly News Digest to NewsBreaks Editor
Brandi Scardilli
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