Navidec Finalizes DriveOff.com Agreement With MSN CarPoint
7 August 2000
Navidec Finalizes DriveOff.com Agreement With MSN CarPointGREENWOOD VILLAGE, Colo., Aug. 7 eBusiness solutions and services provider Navidec, Inc. today announced that it has signed definitive agreements related to the acquisition of DriveOff.com by MSN(R) CarPoint(TM), the most visited car-buying site on the Web. Navidec and CarPoint expect the transaction to close by the end of August, after the expiration of the waiting period under the federal antitrust laws. Upon completion of the transaction, Navidec will be a shareholder of CarPoint, which is majority owned by Microsoft. Ford Motor Company is also a minority shareholder of CarPoint.