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Blue Nile, Retailer of Diamond and an E-Commerce Website

2001: Blue Nile, Retailer of Diamond and Global Sports Funding

Oct. 2001

Pennsylvania-based Global Sports has acquired luxury e-commerce site Ashford.Com

The troubled website, which had been facing delisting from Nasdaq, was acquired in a deal that requires Global Sports to pay $7.1 million in cash for all outstanding Ashford shares. The company will also issue 430,000 shares of common stock. The deal represents just a fraction of the venture capital invested in Ashford over the past few years.

Blue Nile Secures Funding

E-commerce site Blue Nile, retailer of fine jewelry and other luxury goods, has secured $7 million in venture funding and expects to reach profitability in the fourth quarter.


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