A primary platform for content delivery and value creation in the broadband world.
Published:
17 March 1999 y., Wednesday
A primary platform for content delivery and value creation in the broadband world. Billionaire entrepreneur Paul Allen said Monday that he plans to pay US$600 million for a controlling stake in Go2Net, a Seattle Internet company that operates a collection of popular Web sites. Allen_s Vulcan Ventures holding company will own more than 54 percent of Go2Net at the conclusion of a planned tender offer. Allen, the Microsoft co-founder who is worth more than $22 billion, also has invested $165 million in Go2Net (GNET) convertible preferred stock and has agreed to buy 1.4 million shares of common stock from executives and directors for about $135 million. Go2Net_s Web sites include a portal, popular stock forum Silicon Investor, and the MetaCrawler search site. Go2Net will continue operate independently with its current management, but Allen said he hopes to integrate the company_s services with his cable television operation, the US_s seventh largest. Down the road, said Allen, Go2Net_s portal will become the default homepage in set-top boxes in the homes of millions of cable TV subscribers. Allen_s acquisition "sets the stage for the Go2Net Network to become a primary platform for content delivery and value creation in the broadband world," said R. Horowitz, Go2Net_s CEO.
Šaltinis:
Wired News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The World Bank is seeing a surge in demand from borrowers seeking the Bank’s expertise to mitigate currency and interest rate risk.
more »
The European Commission has approved under EU state aid rules a Lithuanian package intended to stabilise the markets as a response to the global financial crisis.
more »
Total cereal production in 2010 should be close to the average from the last five years. While the yield per hectare will be 5% above average, overall cultivated areas have decreased.
more »
According to the unaudited data, AB Bank SNORAS profit prior to provisions and tax exemption within the first half of this year comprised LTL 51 million, the bank formed almost LTL 48 million provisions.
more »
The European Commission today approved two applications from Denmark for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Investment Bank today signed two loans for a total amount of EUR 150 million in support of small and medium-sized enterprises (SMEs) in Turkey.
more »
On 23 July 2010 the Board of the Bank of Lithuania permitted Bank SNORAS to register a change to the articles of association related to the increase of the authorized capital of the bank by LTL 82.3 million up to LTL 494,217,107.
more »
Heads of State and top officials from the Central American Integration System and World Bank Group President, Robert B. Zoellick, agreed to join efforts towards regional cooperation and integration and adopted a comprehensive agenda that includes an action plan with more than 20 specific measures.
more »
The Executive Board of the International Monetary Fund (IMF) today approved the full cancellation of Haiti’s outstanding liabilities to the Fund, of about SDR 178 million (equivalent to US$268 million).
more »
The Executive Board of the International Monetary Fund (IMF) today completed the third review of Latvia's performance under an economic program supported by a Stand-By Arrangement (SBA).
more »