[BusinessTeam] Barnesandnoble.com Increases Stake in Enews.com

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Barnesandnoble.com Increases Stake in Enews.com 
NEW YORK (VENTUREWIRE) -- Barnesandnoble.com said it has significantly 
increased its stake in online magazine-subscription retailer enews.com. A 
spokeswoman for barnesandnoble.com declined to say exactly how much was 
invested in enews.com, but indicated that it's stake was now significantly

more than 40%. The giant bookseller initially acquired 32% of enews, and 
then upped it to 40% in December 1999, the spokeswoman confirmed. When 
barnesandnoble.com first invested in enews in February 1999, it signed a 
four year agreement to increase its holdings in the startup through the 
receipt of warrants over the course of that period. The spokeswoman said
the 
latest investment makes Barnes & Noble--the online subsidiary 
barnesandnoble.com and the company itself--the largest shareholder in
enews. 
Barnesandnoble.com joined forces with enews.com before it invested in the 
company, the spokeswoman said. The magazine section on the 
barnesandnoble.com site, for example, is powered by enews. Other investors

in enews.com include Hachette Filipacchi Magazines, Madison Dearborn 
Partners, and Time. 
http://www.bn.com 
http://www.enews.com 



Ashley Ching 
nano 
212.430.3722 
ashley@nano.com 
www.nano.com 


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