Sale of Bluelight.com Is Complete5 Nov, 2002 By: Hive News
United Online, Inc. has completed its acquisition of the Internet access and email service assets of BlueLight.com, a wholly owned subsidiary of Kmart Corp., United Online announced today.
United Online will pay, subject to certain adjustments, approximately $8.4 million in cash for the assets of BlueLight.com's ISP. As part of the acquisition, the majority of BlueLight.com's 19 employees who are involved with ISP operations are expected to become employees of United Online.
United Online intends to ensure that there will be no lapse in service for BlueLight.com's subscribers and that there will be no change to subscribers' email addresses.
“We are very pleased to welcome BlueLight Internet members to the United Online family,” said Mark R. Goldston, chairman, CEO and president of United Online. “We will make every effort to make this a seamless transition for BlueLight Internet members and to provide the kind of reliable Internet service that they have come to expect.”