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Business

Freemarkets buys surplus sellers

Freemarkets Online Inc. has agreed to acquire the assets of Surplus Record Inc.
Written by ZDNET Editors, Contributor

Freemarkets Online Inc. has agreed to acquire the assets of Surplus Record Inc. and SR Auction Inc. for $18 million. Freemarkets operates a business-to-business marketplace. Its acquisition will add a network of dealers and buyers, and an online surplus asset trade site for equipment. -- Margaret Kane, ZDNet News

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