Stock Watch: B2B Moves Bolster

Shares of online marketplace (Nasdaq: SPNW) soared nearly 18 percent on Tuesday, climbing 3 to 20 after the company announced that it has launched, a B2B portal. also announced the acquisition of privately held AXC Interactive, a B2B services firm that develops e-commerce applications, for about $13 million in cash and stock. AXC Interactive’s customers include Microsoft and RealNetworks.

Last Thursday, announced that it had signed an infrastructure deal with Inktomi. will integrate Inktomi’s e-commerce services throughout its network, which include its own site as well as affiliate sites.

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