Live: Amazon Event Wednesday Probe Crashes Into Asteroid Prime Day 2: Oct. 11-12 Tesla AI Day Hurricane Ian Satellite Images Save on iPad Pro Refurbs Apple Watch Ultra Review EarthLink Internet Review
Want CNET to notify you of price drops and the latest stories?
No, thank you
Accept

Short Take: Gateway invests $200 million in CMGI

Computer maker Gateway and CMGI, a diversified Internet operating company and the largest Lycos shareholder, announced that the two firms have formed a strategic alliance to seek out business and investment opportunities on the Internet. Gateway also agreed to invest $200 million for an ownership stake in CMGI. Gateway hopes the alliance will enhance its Internet and e-commerce presence and provide additional products and services to its clients.

Computer maker Gateway and CMGI, a diversified Internet operating company and the largest Lycos shareholder, announced that the two firms have formed a strategic alliance to seek out business and investment opportunities on the Internet. Gateway also agreed to invest $200 million for an ownership stake in CMGI. Gateway hopes the alliance will enhance its Internet and e-commerce presence and provide additional products and services to its clients.