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Tech Industry

Short Take: Ashford.com to acquire Guild.com in stock deal

Luxury e-tailer Ashford.com said it will acquire art site Guild.com for about 8.7 million shares of Ashford stock, worth approximately $3.8 million. In addition to getting Guild.com's Web site and its access to some 10,000 works of contemporary art, Houston-based Ashford will also gain access to the approximately $11.5 million in cash that Guild.com had at the end of 2000.

    Luxury e-tailer Ashford.com said it will acquire art site Guild.com for about 8.7 million shares of Ashford stock, worth approximately $3.8 million. In addition to getting Guild.com's Web site and its access to some 10,000 works of contemporary art, Houston-based Ashford will also gain access to the approximately $11.5 million in cash that Guild.com had at the end of 2000.