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Technology Stocks : America On-Line (AOL)
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To: Eski who wrote (36716)1/10/2000 5:49:00 AM
From: zello  Read Replies (1) of 41369
 
This is my favorite line of the press release..."By uniting a major media conglomerate with a leading Internet company, the transaction is likely to have major repercussions on both industries." Major repercussions.

"It comes at a time when many big media companies are struggling to figure out how to harness the power of the Internet, and when Internet companies are increasingly looking to put entertainment and other content on their Web sites to attract more customers," Dow Jones said.

"People briefed on the transaction told Dow Jones that AOL shareholders are likely to hold a majority stake in the merged company of just over 50 percent."

Z
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