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Technology Stocks : INFOSEEK (GO)
GO 11.15-1.8%Dec 8 3:59 PM EST
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To: David Lee who wrote (9169)6/10/1999 12:41:00 PM
From: D.J.Smyth   of 9343
 
it was for a limited number of shares; purchase warrants that allowed it to purchased a majority stake, not the entire company:

"Disney will also purchase warrants enabling it, under certain circumstances, to achieve a majority stake in Infoseek over time."

There were also time constraints on the excercise of the warrants; constraints which have not yet been met. So, if they want Seek, they'll need to more than likely pay a much higher price than $49

ir-infoseek.com
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