Microsoft Corp., Seattle, invested $100 million in VerticalNet Inc., Horsham, PA, a company that runs some 55 industry-specific Web sites that let businesses buy and sell supplies over the Internet. Terms were not disclosed, but the investment gives Microsoft about 2% of VerticalNet.Plans call for VerticalNet to be marketed through the MSN network, while the software giant will buy storefronts from
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Microsoft Corp., Seattle, invested $100 million in VerticalNet Inc., Horsham, PA, a company that runs some 55 industry-specific Web sites that let businesses buy and sell supplies over the Internet. Terms were not disclosed, but the investment gives Microsoft about 2% of VerticalNet.
Plans call for VerticalNet to be marketed through the MSN network, while the software giant will buy storefronts from VerticalNet.
