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To: TLindt who wrote (7604)	7/1/1999 1:56:00 PM
From: Triffin	Respond to of 20297

TL .. Thought this was an interesting acquisition by SI's parent company GNET .. --------------------------------------------------------------------- Thursday July 1, 11:29 am Eastern Time Go2net pays $90.5 mln cash, stock for Authorize.Net SEATTLE,, July 1 (Reuters) - Internet portal company Go2Net Inc. (Nasdaq:GNET - news) said on Thursday it acquired Authorize.Net Corp., a payment authorization service for online businesses, for $90.5 million in Go2Net cash and stock. The deal involves $77 million in Go2Net stock and $13.5 million cash. The price is subject to increase, based on Authorize.Net's performance over the next two years. The acquisition brings tp Go2Net a critical component in end-to-end commerce solutions for its HyperMart and Virtual Avenue business hosting services, which comprise the Internet's largest group of small and medium-sized businesses. With more than 360,000 member businesses already being hosted through Go2Net's network, the company said that number is growing at a combined rate of more than 1,000 new business members each day. Authorize.Net and its employees will remain based in Provo, Utah. In June, Go2Net shareholders approved a deal giving Paul Allen, co-founder of Microsoft Corp., a 24 percent stake in the company for a total investment of $426 million. The company said the cash investment would enable Go2Net to continue acquiring small Internet companies that fit into its core areas of search, personal finance, games and commerce. Shares of Go2Net were trading at $90, down $1, on Thursday morning on the Nasdaq stock market. More Quotes and News: Go2net Inc (Nasdaq:GNET - news) Related News Categories: US Market News EOM------------------------------------------------------------------ Jim in CT .. i like the B to B aspect of this GNET has a lot of 'sticky' eyeballs .. present company included