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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: robert duke who wrote (10621)	8/2/1999 10:58:00 PM
From: Susan G	Read Replies (1) \| Respond to of 28311

Yahoo reported to be in talks to buy ExciteAtHome PALO ALTO, Calif., Aug 2 (Reuters) - The popular Internet portal Yahoo Inc <YHOO.O> is considering the buying its rival ExciteAtHome Corp <ATHM.O> in a deal that could significantly extend its market leadership and enable it to offer new services, Business Week Online reported on Monday. The report, citing unnamed sources, said the two companies have held talks over the past six weeks about a possible deal in which Yahoo would buy ExciteAtHome "for some amount greater than its current market value of $17 billion." However the report also said these talks are still preliminary. Asked about the report, a spokeswoman for ExciteAtHome, said it was the company's policy to not comment on rumors. Yahoo was not immediately available, although it too does not typically comment on rumors. ExciteAtHome itself was only recently formed through the merger of the popular portal Excite and AtHome Corp., which provides high-speed Internet access. AtHome paid $6.7 billion for Excite in a stock deal that was one of the highest priced Internet mergers to date. Although Yahoo maintains a comfortable lead over the Excite portal, the Business Week story said it could benefit from the AtHome "broadband" strategy which would help it deliver more "rich media" services over the Internet. ExciteAtHome's stock fell $2.75 to $42.94 and Yahoo was down $4.13 to $132.31. REUTERS Rtr 21:17 08-02-99 Copyright 1999, Reuters News Service