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Technology Stocks : About.com (BOUT)

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To: who wrote ()3/28/1999 9:41:00 AM
From: puborectalis  Read Replies (1) of 438
 
At the same time as the offering, the company will sell shares of common to Comcast Interactive
Investments for $2.5 million at a price per share equal to 93 percent of the initial public offering price.

Since these shares will be sold in a private placement, Comcast will not be able to immediately resell the
shares in the public market.
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