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Technology Stocks : CDNow (CDNW)

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To: jjs_ynot who wrote (1187)	5/2/1999 2:18:00 PM
From: American Spirit	Read Replies (1) of 1465

*Here's a press release on possible suitors. TW and BMG. Stock deals. So maybe we get a half share of Time Warner (at $70 now) fore each share of CDNW. A $35 deal and not bad at all. But who knows. We'll just have to wait and see. Anyway it looks very promising. CDnow (CDNW: news, msgs) jumped 3 7/16 to 19 3/8 with 4.5 million shares changing hands -- some six times its average daily volume -- as talk circulated that Time Warner (TWX: news, msgs) or BMG, a unit of Bertlesmann, was nearing a stock-based deal to acquire the company. Officials from the Jenkintown, Pa.-based company were mumt. "We don't comment on market rumors," said spokeswoman Merlo Zoda. CDnow, which completed its merger with New York-based rival N2K this year, has been seen as a merger partner before. "There has always been speculation that it could be Time Warner," noted analyst Steve Frankel at Adams Harkness

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