From: Adam Rifkin -4K (adam@XeNT.ics.uci.edu)
Date: Wed Jul 26 2000 - 17:25:30 PDT
> InfoSpace easily topped analysts' estimates in its second quarter
> Wednesday and announced it will pay a hefty premium to acquire
> Internet content aggregator Go2Net in stock deal valued at more than
> $4 billion.
Hopefully Go2Net will get to stay in that beautiful office of theirs.
I love that company.
The combined InfoSpace-Go2Net has a market cap of $15 billion.
Naveen Jain is well on his way in his quest to become the world's first
trillion dollar company. Who will InfoSpace buy next in its quest to
become "the Internet wireless specialist"?
> InfoSpace (Nasdaq: INSP) said after the bell it will issue 1.82 shares
> of stock for each outstanding share of Go2Net (Nasdaq: GNET), valuing
> Go2Net shares at $86.91 a share or 43 percent above its closing price
> of 60 9/16.
Nice tidy profit for Paul Allen who bought a third of Go2Net fifteen
months ago at 45 bucks a share. :)
.sig double play
Whenever something good happens, the bad always follows. That's the story of my life since the day I was born. -- Eminem, http://www.salon.com/ent/music/feature/2000/07/25/eminem_secrets/
They have realized the truth. The way to win on Survivor is not to be in the first alliance that shows itself, but the last. -- Brad Templeton, http://www.templetons.com/brad/surmyth.html
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