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To: Jeff Dryer who wrote ()7/22/1999 10:36:00 AM
From: Tom_  Read Replies (3) of 32936
 
Paul Allen/Vulcan not to invest in Datek.

So, is this why there's no Datek link on the Beta test?

NY Times: Vulcan Ventures Yanks Investment in Datek Online
By DAVID BARBOZA
Vulcan Ventures, the venture capital fund financed by Paul Allen, co-founder of Microsoft, has pulled out of its part of a planned $300 million investment in Datek Online Holdings Corp., partly because of concerns about criminal and regulatory investigations into the online brokerage firm, according to people familiar with the investment.
A spokeswoman for Vulcan, Susan Pierson Brown, confirmed that the fund had withdrawn from the deal, announced two months ago, but she declined to elaborate. Just before the deal closed, Vulcan changed its mind, citing "due diligence" problems, according to people who worked on the deal.
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Best wishes,
Tom






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