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SGI Sells Alias Subsidiary to Accel-KKR

dmehus writes "SGI on Thursday announced it has agreed to sell its Alias subsidiary for $57.5 million in cash to Accel-KKR. Interestingly enough, Accel-KKR owns GroceryWorks, which powers and provides the online version of Safeway. After transaction costs and other items, SGI said it expects net proceeds from the sale come in line at $50 million. Slashdot covered this story in February, saying that SGI was rumoured to be in talks with an unnamed private equity firm, but now it is confirmed."

4 of 154 comments (clear)

  1. Friday! by Anonymous Coward · · Score: -1, Offtopic
    Hooray!

    It's Friday and I can get blind drunk in the evening!

  2. Smooth criminal by Anonymous Coward · · Score: -1, Offtopic

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  3. spellchecker by Anonymous Coward · · Score: -1, Offtopic

    As someone mentioned before, all posts and titles should be checked, if noot see waht stronge thingz happedn

  4. "That's not a vey good name, but we are!" by tai_Dasher · · Score: -1, Offtopic

    KKR? Good thing they don't have to sell to consumers.
    I can't just hear the antisemitism claim.

    --
    "