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: lizard lick who wrote (274)	5/10/1999 12:40:00 PM
From: Scott Kleinhans	Read Replies (1) of 350

cbs.marketwatch.com Xoom.com merges with Peacock,Snap Web partnership to form seventh-largest site on Internet By Bambi Francisco, CBS MarketWatch Last Update: 12:23 PM ET May 10, 1999 Internet Economy Internet Daily NEW YORK (CBS.MW) -- Xoom.com Inc. is merging in a three-way transaction with General Electric's (GE: news, msgs) NBC unit and CNet's (CNET: news, msgs) Snap.com to form a new company called NBC Internet. . . Tom Rogers, President of NBC Cable, said the way to invest in this new entity is to invest in Xoom. Executives of the companies estimate NBC Internet could generate $60 to $70 million in revenue this year. Executives noted that ValueVision International (VVTV: news, msgs), which operates a television home shopping network, could provide additional synergies to the deal. GE recently took a 19.9% stake in the company.

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