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The word "meltdown" is receding into dim and distant memory but the nervous behaviour of world stock markets suggests the dot-com patient is not quite out of intensive care.
The past month has seen some very mixed signals.
Leading online music retailer CDNow was finally put out of its cash-flow misery by German media titan Bertelsmann.
It bought the beleaguered e-tailer for $114m (pound 75.3m) plus $40m of debt, which equates to $3 a share. Considering that many shareholders had been hoping for something nearer $10, and the fact that CDNow shares had not so long ago been valued at more than $20, it's starting to look like something of a fire sale.
CDNow founder Jason Olim put a brave face on it, describing the deal as a "successful conclusion to our extensive search for a merger partner. We believe our combination with Bertelsmann is the best outcome for our shareholders, employees and customers".
For a company that claims 4 million customers, 25 million unique visitors a...