Yahoo considers Broadcast.com acquisition
By Bloomberg News
Special to CNET NEWS.COM
March 19, 1999, 3:05 p.m. PT
NEW YORK--Yahoo is interested in buying Broadcast.com, according to a report in Business Week's online edition,
which cites an unidentified source familiar with the situation.
Yahoo chief executive Timothy Koogle, cofounder Jerry Yang, and other senior managers have been meeting with executives at
Broadcast.com to discuss a potential acquisition, which could be valued at almost $3 billion based on Broadcast.com's closing
share price today.
America Online and General Electric's NBC unit also are interested in Broadcast.com, an unidentified source said. None of the
companies would comment, the magazine reported.
Shares of Dallas-based Broadcast.com, which transmits audio and video programs over the Internet, have more than doubled this
year; they fell 2 to 85 in trading today.
Copyright 1999, Bloomberg L.P. All Rights Reserved.
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