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Short Take: ShopNow.com buys women's community site

Online shopping site ShopNow.com announced yesterday that it bought privately held SpeedyClick--a Web community site for women. Under the deal, valued at $50 million in common stock and cash, SpeedyClick will become a wholly owned subsidiary of ShopNow.com. The Seattle-based company will offer shopping services within the SpeedyClick site, and community content will be available on ShopNow.com's site.

Online shopping site ShopNow.com announced yesterday that it bought privately held SpeedyClick--a Web community site for women. Under the deal, valued at $50 million in common stock and cash, SpeedyClick will become a wholly owned subsidiary of ShopNow.com. The Seattle-based company will offer shopping services within the SpeedyClick site, and community content will be available on ShopNow.com's site.