SI
SI
discoversearch

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 : Broadcast.com (Acquired by Yahoo) -- Ignore unavailable to you. Want to Upgrade?


To: sam who wrote (1078)3/31/1999 6:21:00 PM
From: Indra H  Respond to of 1260
 
gosh.
can't wait for their formal announcement.

thanx for the update



To: sam who wrote (1078)3/31/1999 6:21:00 PM
From: DaYooper  Read Replies (3) | Respond to of 1260
 
According to Steve Frank of CNBC, the reporter closest to this story for the last few days, the deal is at $130 per share of BCST. He reported this live at approximately 6:05 pm eastern time.

Thanks BAM! In Friday afternoon at 112. DaYooper



To: sam who wrote (1078)3/31/1999 6:45:00 PM
From: Indra H  Read Replies (1) | Respond to of 1260
 
wsj correction from 4 B to 5.7B

Yahoo! Strikes Tentative Deal
To Acquire Broadcast.com
An INTERACTIVE JOURNAL News Roundup

Yahoo! Inc. has struck a tentative agreement to acquire Broadcast.com Inc. in a stock swap valued at $5.7 billion, people familiar with the situation said late Wednesday.

According to those sources, Yahoo has agreed to offer $130 a share for the 44 million outstanding shares of Broadcast.com. The two companies' boards were scheduled to meet Wednesday to approve the deal, with an announcement expected Thursday.

Shares of Broadcast.com, a Dallas Internet broadcaster, surged last week amid speculation about just such a deal, followed by news that talks were indeed being held. On Wednesday, Broadcast.com's stock closed up $4.8125 to $118.1875 on the Nasdaq Stock Market, while Yahoo shares declined $3.9275 to $168.375.

Company Profile: Yahoo!

Yahoo, which has grown from an Internet directory into a broad portal for information and commerce, had become increasingly eager to solidify its position on the Internet as powerful competitors began to consolidate and launch challenges. People close to the situation said last week that the talks were being spearheaded by Yahoo co-founder Jerry Yang and President Jeff Mallett -- in order to further extend the Santa Clara, Calif., company's network of branded media sites.