Checkout.com Checks Out.Struggling Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the retailer Checkout.com said its assets will be acquired by Atlanta-based rival Amplified Inc. The deal essentially ends the new-media marriage between former Hollywood superagent Michael Ovitz Michael S. Ovitz (b. December 14 1946, Los Angeles, California) is a former talent agent and Hollywood powerhouse who served as the head of the Creative Artists Agency from 1975 to 1995. and supermarket tycoon Ron Burkle. Privately held Amplified Inc., which supplies hundreds of thousands of digital music tracks to Internet retailers and other customers' Web sites, will pay an undisclosed amount of stock for the bulk of Checkout's assets. Checkout's 50 employees are expected to keep their jobs, boosting Amplified's workforce to 140. Amplified plans to use Checkout's technologies to improve its online presence and ultimately help usher in Verb 1. usher in - be a precursor of; "The fall of the Berlin Wall ushered in the post-Cold War period" inaugurate, introduce commence, lead off, start, begin - set in motion, cause to start; "The U.S. digital downloading  The perspective and/or examples in this article do not represent a world-wide view. Please [ edit] this page to improve its geographical balance. .
Burkle has been getting out of the dot-com world and refocusing Noun 1. refocusing - focusing again focalisation, focalization, focusing - the act of bringing into focus on retail. He resigned from the board of supermarket giant Kroger Co. earlier this month and his Yucaipa Cos. investment firm disclosed that it led an investment group that purchased a 6 percent stake in Kmart Corp., worth $206 million. |
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