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Technology Stocks : Paul Allen's Wired World

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To: PatrickMark who wrote (305)	10/24/1999 12:01:00 AM
From: PatrickMark	Read Replies (1) of 361

Re Fatbrain (Nasdaq FATB) seattlep-i.com Allen invests $20 million in Fatbrain Tuesday, October 19, 1999 BLOOMBERG NEWS Vulcan Ventures Inc., the Bellevue-based investment vehicle of billionaire Paul Allen, will invest $20 million in Fatbrain.com Inc. to help bolster the online technology bookseller's Internet publishing venture. Vulcan will buy unregistered common shares for 110 percent of the five-day average closing price of Fatbrain.com's shares through last Friday, or about $20.88 each. Vulcan will also purchase warrants at 125 percent of the initial purchase price. Diane Daggatt, a new media analyst at Vulcan, will join the board of Sunnydale, Calif.-based Fatbrain.com. The agreement allows for up to $10 million of additional investment.

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