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 : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: Carolyn who wrote (2993)	4/9/1999 10:19:00 PM
From: Bill F.	Read Replies (2) \| Respond to of 28311

he does not have controlling interest if the tender fails ,what he has is board control.it is all laid out in the documents you received for the tender.

To: Carolyn who wrote (2993)	4/10/1999 2:36:00 AM
From: RTev	Read Replies (2) \| Respond to of 28311

One of the news stories last month just after the offer was made deals with the issue of control should he fail to receive any shares from the public via the tender offer: At a minimum, Allen is investing $426 million, enough to give him 40 percent ownership of the company and control of its board. The exact number of Vulcan board seats will remain uncertain until it's known how many shares Allen winds up owning. Go2Net now has six directors. "Regardless of how it comes out, the board of directors will be controlled by a slate of Vulcan nominees," Chandler said. "Certainly a 40 percent voting block, while technically not a controlling stake, is close enough." from 3/17/99 Seattle Times: archives.seattletimes.com