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News > Technology
Yahoo!, Kmart in Net pact?
December 14, 1999: 8:29 a.m. ET

Firms may team to offer co-branded Internet access to Kmart shoppers
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NEW YORK (CNNfn) - Attention shoppers -- Kmart and Yahoo! are expected to announce an Internet† alliance that will include providing Web access services to Kmart customers.†
    According to a report in the Wall Street Journal, the companies will offer free Internet access to customers of Kmartís †(KM) Bluelight.com e-commerce site, with offline marketing efforts aimed at shoppers at Kmartís Troy, Mich., store.
    Yahoo! †(YHOO) currently doesnít offer Internet access to its users, and this alliance may bring it an expanded customer base without the hassles of creating a complex infrastructure.
    The proposed pairing comes on the heels of a reported pact between the number one ISP, America Online (AOL), and Wal-Mart (WMT). The possibility of a joint Internet venture between the two industry leaders sent their stocks higher in the past few days.
    The latest wave of top-tier Web concerns aligning with well-known, off-line retailers that donít yet have a strong Internet presence may pack a one-two punch to leading e-commerce site Amazon.com (AMZN). Amazon recently has unveiled a spate of alliances, acquisitions and new product offerings during the high-traffic online holiday shopping season.
    In November, Microsoft (MSFT) beat out AOL when it struck an agreement to create a Microsoft Ďstoreí within Tandyís (TAN) Radioshack stores. As part of the deal, Microsoft also took a $100 million equity stake in RadioShack.comís e-commerce site.†
    In trading Monday, Yahoo! closed down 2- 7/16 to 351-1/16. Last week, its stock† rocketed prior its inclusion in the Standard & Poorís 500 index. Back to top
    -- from staff and wire reports

  RELATED STORIES

Yahoo! added to S&P 500 - Nov. 30 , 1999

Microsoft, RadioShack in alliance - Nov. 11, 1999

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: √ā¬© 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices √ā¬© S&P Dow Jones Indices LLC 2018 and/or its affiliates.