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Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (8640)	12/22/1998 9:19:00 AM
From: tonto	Read Replies (1) \| Respond to of 9343

DIS does not have a deal to acquire your shares for any price. They are your shares. What you refer to is partially disclosed in the filing and shall be unregistered shares: >>> In addition, conditioned upon and subject to consummation of the proposed Starwave Acquisition, Disney will purchase an additional 2,642,000 unregistered shares of Infoseek Delaware common stock and a warrant, subject to vesting, to purchase an additional 15,720,000 unregistered shares of Infoseek Delaware common stock (the "Warrant") in exchange for approximately $70.0 million in cash and a $139.0 million five-year promissory note. The warrants will enable Disney to achieve a majority stake in the Company over time.<<< Some believe this creates a "cap" on upward movement, others disagree.