uBid

uBid.com
Private
Industry Online auction and fixed-price merchandise
Founded Chicago, Illinois, USA (1997)
Key people
 Bob Geras, Chairman
Ketan Thakker, CEO/CFO
Products Consumer merchandise including electronics, computers, jewelry, fine art, housewares, computer accessories, and computers
Website www.ubid.com www.redtag.com

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.

History

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]

Notes

  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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