InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 90.90

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Nov 12 3:59 PM EST

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To: Carolyn who wrote (6182)	5/25/1999 6:12:00 PM
From: Tae Spam Kim	Read Replies (2) of 28311

Mr. Allen continues to collect his pieces in creating a full-featured portal, at least on the financial side. Allen's Vulcan Ventures now has control of Go2Net (GNET), which owns the popular investment community Silicon Investor. With Datek on board, there are all sorts of cross-selling and leveraging opportunities. Allen's Vulcan Ventures is joining with a fund from Bernard Arnault, the French businessman who controls luxury goods maker LVMH and Boston's $2.5 billion-strong TA Associates investment fund to pump a total of $300 million into Datek in exchange for a minority stake in the online brokerage. The three will have a seat on Datek's board, said President Edward Nicoll. He declined to specify the size of the minority stake, but said the $300 million will be dedicated toward marketing and technology infrastructure expenditures, and new products and services at Datek. - CBS Marketwatch

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