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To: Solid who wrote (14598)	8/17/1999 1:18:00 AM
From: Boplicity	Respond to of 29970

edwood City, California, Aug. 17 (Bloomberg) - Excite At Home Corp., a high-speed Internet access provider, said it will invest $40 million in closely held Tickets.com Inc. as it bets on electronic-commerce and the popularity of ticket sales online. Excite At Home's latest move raises its total investment in Newport Beach, California-based Tickets.com to $55 million. Tickets.com provides tickets to concerts, sports and other events through its 1-800-TICKETS phone number. Tickets.com filed June 2 to sell shares to the public. The investment in Tickets.com is Redwood City, California- based Excite At Home's single largest investment to date. It has invested in other companies such as General Magic Inc. and the combined company from the Healtheon Corp. and WebMD merger. It hopes to make investments in strategic partners and companies in areas that it expects to take off. ``It's a diversification strategy for us,' said Mark Stevens, executive vice president of corporate and business development at Excite At Home. Cox Interactive Media, a unit of Cox Enterprises, will invest $15 million in Tickets.com to raise its total investment in the company to $30 million. As part of the investment, Tickets.com will spend $13.5 million over three years to buy promotions in various Cox media properties such as newspapers, broadcasting and cable companies. Tickets.com will pay $25 million over three years to Excite At Home as part of an extended content and distribution agreement. Excite At Home plans to integrate Tickets.com's local content and tickets for sale on its Excite Web site and its At Home Internet service.