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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 83.20-0.3%Nov 20 3:59 PM EST
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To: GrokSoup who wrote (5198)5/6/1999 8:32:00 PM
From: RTev  Read Replies (1) of 28311
 
In other words, Allen's bid to acquire 54% of Go2Net was utterly
rebuffed.

At best, that statement is extraordinarily misleading. How many times does one need to repeat this? Even though nearly everyone here knows this by now, you might benefit from this reminder: Allen owns a 30-40% stake in Go2Net. That part of the deal was never in doubt. He would have had an additional 14% interest (for 54) if the tender offer had been fully subscribed.

So your statement might have been accurate had you said something like this: "Allen's bid to acquire an additional 14% of Go2Net on the market was utterly rebuffed."

And an oft-posted link to reinforce this for you:
archives.seattletimes.com
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