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Short Take: Go2Net acquires VirtualAvenue

Online network Go2Net acquired Web hosting service Virtual Avenue for $23 million in stock. The acquisition gives Go2Net a boost in its own Web hosting service, HyperMart, which will add 85,000 member businesses to its roster.

Jim Hu Staff Writer, CNET News.com
Jim Hu
covers home broadband services and the Net's portal giants.
Jim Hu
Online network acquired Web hosting service Virtual Avenue for $23 million in stock. The acquisition gives Go2Net a boost in its own Web hosting service, HyperMart, which will add 85,000 member businesses to its roster.