How high will Microsoft fly? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly?

MSFT 491.12

+1.7%

Dec 8 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Teflon who wrote (22948)	5/19/1999 9:27:00 PM
From: Maverick	of 74651

MSFT takes a major stake in Healtheon Internet portal Healtheon approves WebMD merger LOS ANGELES, May 19 (Reuters) - Internet health services firm Healtheon Corp. plans to merge with WebMD Inc. in a bid to consolidate the online management of health care data, a Healtheon board member told Reuters on Wednesday. Healtheon's board approved the deal on Monday and WebMD's directors were slated to vote on the plan early Wednesday. "Both managements have been engaged in the negotiating process. We expect them to approve the terms," said Dick Kramlich, a director at Healtheon and general partner at New Enterprise Ventures. The deal is structured as a 50-50 merger and should conclude in about four months, he noted. In addition, software giant Microsoft will take a major stake in the new company, Kramlich said. There will also be a group of strategic partners including pharmaceutical supply company McKesson HBOC Inc. , chip maker Intel Corp. , and Internet portal company Excite Inc. , the board member said. ((--Los Angeles bureau + 1 213 955 6750))

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next