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FreeMarkets to Acquire Covisint LLC

FreeMarkets to Acquire Covisint LLC

Monday, January 5, 2004
 
Online-auction operator FreeMarkets Inc., Pittsburgh, PA, plans to acquire the auction business of Covisint LLC, founded in 2000 by the Big Three automakers to help them conduct online business with suppliers. Covisint will transfer its customer contracts for auctions to FreeMarkets—the contracts provide revenue for the next three years.

 

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