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 : Go.Com (GO) -- Ignore unavailable to you. Want to Upgrade?

To: Joana Tides who wrote (18)	12/7/1999 10:09:00 AM
From: levy	Read Replies (1) \| Respond to of 74

This was in the fool.com Disney and Infoseek On November 17, Walt Disney's Internet properties -- including ABC.com, ABCNews.com, ESPN.com, and Disney.com -- were combined with the portal/search firm Infoseek, in which Disney already owned a 42% stake. This created a new business called Go.com. Both Disney and Infoseek have been publicly traded companies, of course. But with the creation of Go.com, Infoseek no longer exists. The SEEK Nasdaq ticker was retired and replaced by GO, the ticker of Go.com on the New York Stock Exchange. The new GO thus "tracks" the performance not only of the former Infoseek but of Disney's Internet properties, which for better or worse had been "locked" within Disney, the company, as well as within DIS, the stock. The Disney properties have, in effect, gone public without actually having to issue an IPO, and without Disney having to jump through the hoops of a full-fledged spin-off.