FOSTER CITY, Calif. -- Webvan Group here said last week it would merge with its largest Internet rival, Kirkland, Wash.-based HomeGrocer.-com, in a stock deal valued at $1.2 billion. The deal combines the two largest "pure-plays" in the Internet grocery business and, officials say, allows the combined company to compete not with one another, but with their brick-and-mortar counterparts. "This deal combines the two premier Internet grocers with the capability to deliver the last mile of ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.