Forbes: A Marriage Made In Linux HeavenMay 24, 2000, 14:28 (1 Talkback[s])
(Other stories by David Einstein)
"EBiz Enterprises was looking for a way to grow from a bulletin board stock to a Nasdaq stock. LinuxMall.com was stuck in pre-IPO mode, its plans for a public offering scuttled by the sour market."
"The solution--a merger that unites two of the leading players in the Linux industry. Scottsdale, Ariz.-based eBiz (otcbb: EBIZ) will announce on Wednesday that it is acquiring LinuxMall of Aurora, Colo., in a stock deal valued at around $20 million."
"Our challenges complemented each other," says Jeffrey Rassas, founder and chief executive of eBiz. "LinuxMall needed an exit strategy for some of their investors, and we needed an event to take our business and put it on the radar screen."