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Internet network CMGI (Nasdaq: CMGI) announced today that it is forming a joint venture with Hong Kong-based Pacific Century Cyber Works (PCCW) to create and operate a network of Internet businesses in the Asia-Pacific region ...

Internet healthcare company Healtheon/Web MD (Nasdaq: HLTH) announced today that it will acquire the ENVOY Corporation, a large provider of electronic data interchange (EDI) services to the healthcare industry, for approximately $2.5 billion (US$) ...

Internet service provider Internet Gold (Nasdaq: IGLD) has announced that it will continue to expand e-commerce in Israel by forming an online brokerage with three partners ...

Business-to-business (B2B) e-commerce provider Commerce One (Nasdaq: CMRC) and Swiss telecom provider Swisscom (NYSE: SCM) announced Tuesday that they will join forces to establish a B2B online marketplace in Europe ...

YouBet.com (Nasdaq: UBET), an online gambling site based in Los Angeles, has reportedly agreed to pay $1.3 million (US$) to California authorities to settle an investigation into the company's online horse racing operation in the state ...

Online grocer HomeRuns.com announced today that The Cypress Group, a private equity firm, has purchased a $100 million (US$) majority stake in the Somerville, Massachusetts-based company ...

After enduring a flood of negative publicity over a string of high-profile holiday failures, Toys "R" Us is now facing a class action lawsuit brought by a Seattle, Washington attorney ...

Sports.com Limited, a European sports content provider, announced today that elite athletes Michael Jordan, Tiger Woods, and Shaquille O'Neal will lend some of their considerable resources and name recognition to a second-round funding of the company ...

After coming under heavy scrutiny for an alleged software failure that allowed an unidentified hacker to purloin and publish confidential credit card information on the Internet, CyberCash has issued a terse statement denying that its product contributed in any way to the security breach ...

Japanese Internet investor Softbank Corp. announced today that it will continue its aggressive global push by launching a $100 million (US$) fund aimed at the Latin American market ...

Internet content and applications delivery company Akamai Technologies (Nasdaq: AKAM) said today that it has doubled its customer base to 200 Web properties in the past six weeks, and has added a number of household names in the process ...

Cambridge, Massachusetts-based yet2.com, a pioneer in the field of intellectual property buying and selling over the Internet, announced today that it has received $20 million (US$) in backing from a group of high-profile venture capitalists and multinational corporations, including Proctor & Gamble and Honeywell ...

City information and ticket vendor Ticketmaster Online-City Search (Nasdaq: TXCS) announced today that it has expanded its access to cultural offerings in about 1,500 cities across the United States by signing a marketing and distribution agreement with CultureFinder.com ...

London-based online travel agent ebookers.com (Nasdaq: EBKR) has acquired Norwegian discount travel agency Geotours AS in a deal valued at approximately $1 million (US$) ...

With the new year upon us, America Online (NYSE: AOL) is claiming that its more than 20 million members rang up $2.5 billion (US$) in sales this holiday season, a total that more than doubles last year's figures ...

Online music provider MP3.com (Nasdaq: MPPP) announced today that it will expand its services by acquiring privately held online event planning Web site seeUthere.com in a stock deal valued at approximately $150 million (US$) ...

Customer support solutions provider Kana Communications (Nasdaq: KANA) announced today that it has opened regional offices in Munich, Germany and Sydney, Australia ...

The latest figures released by Internet measurement service Media Metrix (Nasdaq: MMXI) show that that this year's holiday e-commerce traffic is up 37 percent over last year, with reigning king Amazon.com leading the way again ...

Fighting back against cyber-squatters who they say have fraudulently appropriated versions of sports franchise names to rake in money, a group representing Major League Baseball, the National Football League, the National Basketball Association, and the National Hockey League have filed a lawsuit against an e-mail provider for violating the new Anti-Cybersquatting Consumer Protection Act...

In what the company claims is the largest Web transaction ever recorded, aircraft manufacturer Gulfstream Aerospace Corporation (NYSE: GAC) has sold a jet to a Yahoo! executive for $40 million ...