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03/28/2001 Archived Entry: "Scholastic backs out of eToys inventory purchase"

Scholastic backs out of eToys inventory purchase | Computerworld News & Features Story
Scholastic Corp. has backed away from plans to purchase Web technology, toys, customer lists and other inventory from defunct online retailer eToys Inc. ...
After the close of trading yesterday, New York-based Scholastic said it "concluded that the acquisition of selected eToys assets did not meet [its] threshold for accelerating or reducing the costs of its Web initiatives."