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uBid.com is an online auction style and fixed-price shopping website that offers both goods sold directly by the company and items sold by pre-approved third party uBid-certified merchants. The site specializes in excess new, refurbished and overstock consumer electronics such as computers, electronics, home goods, jewelry, watches and cellular phones.

uBid.com
Private
IndustryOnline auction and fixed-price merchandise
FoundedChicago, Illinois, USA (1997)
Key people
Bob Geras, Chairman
Ketan Thakker, CEO/CFO
ProductsConsumer merchandise including electronics, computers, jewelry, fine art, housewares, computer accessories, and computers
Websitewww.ubid.com www.redtag.com

HistoryEdit

uBid.com was formed and launched in 1997, originally as a subsidiary of PC Mall. The co-founding management team took the company public in 1998 and achieved a market capitalization value of over 1.8 billion dollars at one point. The company officially spun off from PC Mall with its co-founding management team in 1999. Ownership has changed multiple times over the years,[1][2][3] including one involuntary bankruptcy petition with one of the previous owners.[4]

NotesEdit

  1. ^ "CMGI To Acquire uBid.com". Retrieved 2009-12-01.
  2. ^ "Takumi Interactive, Inc. Purchases uBid Business". Retrieved 2009-12-01.
  3. ^ "Pink-Slip Monday for Ecommerce with uBid, eBay Layoffs". Retrieved 2009-12-30.
  4. ^ "uBid Auction Site's Parent Enable Holdings Forced into Bankruptcy". Retrieved 2011-08-03.

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