VVTV - "Home Shopping Network" of the Internet Message Board

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Technology Stocks : VVTV - "Home Shopping Network" of the Internet

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To: David D. who wrote (173)	3/9/1999 11:51:00 AM
From: Scott Kleinhans	Read Replies (1) of 350

NBC grabs 20% stake in ValueVision GE unit's interest pegged at $56 million, enters Net pact By David B. Wilkerson, CBS MarketWatch Last Update: 11:05 AM ET Mar 9, 1999 Movers & Shakers NEW YORK (CBS.MW) -- ValueVision International said Tuesday that General Electric's NBC unit has agreed to take a 20 percent stake in the company worth about $56 million, and will help the television-based retailer explore "future Internet and electronic commerce opportunities." NBC and GE Equity will each receive one seat on ValueVision's board, along with an option to boost their interest to 40 percent, subject to ValueVision shareholder approval. cbs.marketwatch.com

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