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Technology Stocks : Freeserve (FREE)
FREE 4.8700.0%Aug 5 5:00 PM EST
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To: Glenn Petersen who started this subject11/22/2000 6:57:15 PM
From: Glenn Petersen  Read Replies (1) of 58
 
FREE a rumored takeover candidate:

internetnews.com

Will Freeserve Fall in the Battle of Wanadoo?
By the InternetNews.com Staff


French Internet service provider Wanadoo admitted Wednesday it has considered snapping up British
rival Freeserve Plc.

Published reports said the deal would establish Wanadoo as one of Europe's top three ISPs.
Freeserve, 80 percent of which is owned by UK retailer Dixons, wouldn't confirm the deal but did say
it was in talks with a company about a purchase.

But any thing can happen between now and when the dealers come to the table: France
Telecom-owned Wanadoo said Freeserve was just one of the firms it was peeping on.

Wanadoo, which had talked to French ISP LibertySurf about a potential merger, would benefit from a
more than 100 percent increase of subscribers should it swing the Freeserve deal. Freeserve claims 2
million clients to Wanadoo's 1.8 million.

Freeserve could use a partner, some say. The firm wants to make a strong push into wireless Internet,
broadband Internet and instant messaging, which means the outfit would need some heft behind its
investments.

The rumor mill has spun yarns about a great deal involving Freeserve, which was in talks with a number
of European ISPs -including Wanadoo and Italy's Tiscali, since merger talks with Germany's T-Online
crumbled in June.

But the details are clearly fuzzy. Freeserve has often said it was not in any talks which may lead to an
offer being made for the company, a line it echoed last week when it said it was not talking to anyone
about a takeover.
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