Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Forrest who wrote (26054)	7/20/1999 4:44:00 AM
From: eCurl	Read Replies (2) \| Respond to of 41369

Could we expect a run up today? Telekom eyes AOL stake German telecom giant said to be seeking minority investment in AOL July 20, 1999: 3:49 a.m. ET LONDON (CNNfn) - Deutsche Telekom, continental Europe's largest telecom company, is seeking to buy a minority stake in America Online, the world's largest Internet access provider, according to a press report Tuesday. Citing unnamed sources, German business daily Handelsblatt reported that negotiations between the two groups are at an advanced stage. The newspaper reported that Telekom chief Ron Sommer had met with AOL (AOL) head Steve Case several times in the past week. The newspaper pointed out that antitrust considerations will play a major role in any deal as Telekom's T-Online is the most popular ISP in Germany, followed by AOL Deutschland. Still, a presence on the Internet is apparently Telekom's highest priority, above even a deal in the telecom sector, the newspaper reported. From AOL's point of view a deal could be advantageous if it leads to cheaper call charges for its online customers. A 10 percent stake in AOL would cost the German group some $13 billion. Deutsche Telekom refused to comment on the report.