Buy.com is sold to its founder

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"BUY.COM, the stricken US internet retailer which was worth nearly $5bn at the height of the internet boom, is being sold to its founder, Scott Blum, for just $23m. The company has agreed a bid from Mr Blum, who has offered just 17 cents a share for the beleaguered firm."

Category(s): industry players & news ·

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