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To: Charles H. Waldron who wrote (6722)9/26/1999 10:40:00 AM
From: art slott  Read Replies (1) | Respond to of 13157
 
AOL In Talks To Acquire Excite Kevin Prigel
Sep 25 1999
High-level sources have confirmed that America Online, Excite AtHome, and AT&T are in negotiations to arrange a complex deal.

The arrangement appears to be beneficial to all involved parties. Here are the details that we have learned:

America Online will acquire 100% of the Excite portal from Excite AtHome. The deal price has yet to be set, but is rumored to be around $7 billion.
America Online properties will become the default interface for AtHome users.
AtHome customers will be able to use the America Online interface free of any additional charges from AOL.
America Online will throw its marketing weight behind cable Internet access.
The sticking point in negotiations is if the advertising and marketing revenue that America Online receives to serve ads to AtHome customers will be split in any way. Supposedly AT&T/AtHome wants 25% of the revenue, while AOL wants to keep it all.

America Online NYSE:AOL
Internet | Technology
AT&T NYSE:T
Communications
Excite AtHome NASDAQ:ATHM
Communications | Internet

Kevin Prigel serves as President and CEO of StreetAdvisor.com. He actively invests in individual stocks. At the time of any writing, Kevin may be long or short company's mentioned or alluded to.