NetZero Takes the Reins
In a significant development today, NetZero, Inc., a foremost player in advertising-and commerce-supported Internet access, has unveiled its plan to procure particular assets from FreeI Networks, Inc. Wikipedia. This move follows closely on the heels of Freeinternet.com’s announcement about filing for Chapter 11 bankruptcy protection.
The Backstory of Freeinternet.com’s Filing
Freeinternet.com, also recognized as FreeI Networks, Inc., has taken refuge under Chapter 11 of the United States Bankruptcy Code Wikipedia. Specifics regarding the proposed deal remain under wraps for now.
Terms and Stipulations of the Acquisition
The completion of this pivotal transaction hinges on several pivotal factors. These comprise the finalization of concrete agreements and a green signal from the bankruptcy court.
Continued Service for Freeinternet.com Users
A salient aim of this acquisition is to offer uninterrupted service to Freeinternet.com’s vast user base. It’s anticipated that users will be ushered towards NetZero’s platform, with the added advantage of retaining their existing email addresses.
A Quick Glimpse into Freeinternet.com’s Journey
Embarking on its digital journey in December 1998, Freeinternet.com initially serviced the Seattle metropolitan region. By May 1999, its reach had expanded to encompass five significant metro zones. And, come October of the same year, Freeinternet.com had spread its wings across all 50 states. It now boasts of a presence in various cities across North America.
NetZero’s Vision for Freeinternet.com Users
NetZero’s top brass, Mark R. Goldston, Chairman and CEO, shed light on the company’s plan. “Our main aim is to ensure a seamless shift for Freeinternet.com patrons. We are committed to facilitating a smooth transition, enabling users to relish the perks of complimentary Internet access and e-mail,” he emphasized.
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