Digital
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Digital
Reach Local Opens Office in Florida
The digital advertising agency Reach Local Inc. has opened offices in Tampa, FL, offering search engine marketing and other Internet media services in the Sunshine State.
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Digital
Amazon Acquires Audible Inc. for $300 Million
Amazon.com, Inc. will acquire Audible Inc., an online marketer of digital audio books, newspapers and magazines, for $300 million.
The deal is expected to close by the second quarter.
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Digital
Cornerworld to Buy Sway Inc. for $30 Million
Cornerworld Corp. has signed a letter of intent to purchase Sway Inc., an online social community marketing services firm, for $30 million in cash and stock.
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Digital
Yahoo Axes 1,000, Posts 23% Loss
Yahoo will lay off 1,000 employees, or about 7% of its staff of 14,300, as part of a company realignment, after reporting that its fourth quarter profit was down 23%, according to wire service reports.
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Digital
Plenty of Upside to Maturing Online Retail Market: Forrester
Non-travel online retail sales in the U.S. reached $175 billion in 2007, according to a new study from Forrester Research. While the growth rate is not as significant as in years past — reflecting a maturing channel — non-travel online sales should hit $335 billion by 2012.
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Digital
Zazzle Acquires Goodstorm
Zazzle, an online marketer, has acquired GoodStorm, a provider of e-commerce services for social causes and nonprofits.
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Digital
Whitman Exits CEO Role at EBay
Meg Whitman is stepping down as president/CEO of EBay, effective March 31.
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Digital
Art Technology Group to Buy CleverSet for $11 Million
Art Technology Group Inc. will purchase CleverSet for about $11 million.
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Digital
Online Shopping in U.K. Grows 54%
Online shopping in the U.K. totaled 46.6 billion pounds ($91.2 billion) last year, up 54% over 30.2 billion pounds ($59.1 billion) in 2006, according to the Internet Marketing in Retail (IMRG) Capgemini E-Retail Sales Index.
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Digital
Saudi Online Spending Tops $3.2 Billion
Spending by Saudi Arabian Internet users reached over $3.2 billion last year, according to Arab Advisors Group.