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→IBM decisions and sale of NetObjects: Rephrased a run-on sentence. Left a baffling use of the term 'cash reserves'. Tags: Mobile edit Mobile web edit |
→IBM decisions and sale of NetObjects: Wikilinked 'private placement' Tags: Mobile edit Mobile web edit |
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NetObjects started to raise $50 million in a [[Private_placement|private placement]] with [[Deutsche Bank]]. But IBM, which controlled the NetObjects Board, did not approve the [[Reserve (accounting)|cash reserves]]. In the summer of 2001, the markets plummeted with the bursting of the [[dot-com bubble]]. And ultimately IBM as the majority shareholder decided to sell NetObjects.
NetObjects Fusion, NetObjects Matrix including the MatrixBuilder, BizGoBiz and other assets were sold to Website Pros (now [[Web.com]]), a web design and services company based in [[Jacksonville, Florida]] <ref name="SEC-NetObj-Sep01">{{cite web
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