| |
Here's another article from DJNews 19:45 Yahoo, Excite@Home In Talks Over Deal
NEW YORK (Dow Jones)--Excite@Home (ATHM) and Yahoo Inc. (YHOO) have been negotiating a deal under which Yahoo would buy Excite@Home for an amount greater than Excite@Home's $17 billion market value, reported Business Week Online, which attributed the information to unnamed sources.
According to Business Week sources, Yahoo isn't interested in @Home, which provideshigh-speed Internet access over cable lines.
AT&T Corp. (T), which has a controlling stake in Excite@Home, wants to retain
influence over the @Home business, the publication said.
One scenario, Business Week sources said, is for Yahoo to absorb Excite and spin off @Home into an independent company in which Yahoo and AT&T would have "sizable" stakes.
Another possibility is that AT&T would take the @Home business and combine it with its WorldNet Internet access business, sources said.
Business Week sources, who are reportedly close to all three companies, said recent talks over the last six weeks are preliminary and much work needs to be done before a deal could come together.
-Ralph Tasgal; 201-938-5400
(END) DOW JONES NEWS 08-02-99
07:45 PM |
|
