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| | AOL TW, IDG to Divvy Standard’s Assets |
 | | Most of the remaining assets were acquireds by International Data Group, the majority investor in Standard Media, which owned 100 percent of the company until the completion of a $30 million venture capital round in late 1999. |
 | | At the start of the hearing, Standard Media's attorney announced that the company had agreed to a bid of $150,000 for the assets other than the subscriber list from New Standard Acquisition, a company affiliated with The451, a technology news and information site with offices in London and New York. |
 | | Prior to filing Chapter 11, Standard Media management had been negotiating for additional financing with its majority investor, the trade magazine publisher International Data Group, as well as with a group of venture capitalists that had invested $30 million in the company in late 1999. |
| www.thestandard.com /article/0,1902,29054,00.html (963 words) |
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