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


To: BillCh who wrote (4398)4/22/1999 10:16:00 AM
From: BillCh  Respond to of 28311
 
Vulcan selling AOL. So maybe buying GNET?!

Thursday April 22, 9:51 am Eastern Time

Sprint, other holders to sell 31 mln AOL shares

NEW YORK, April 22 (Reuters) - U.S. phone carrier Sprint Corp. (FON - news) plans to sell a nearly 3
percent stake in America Online Inc. (AOL - news) worth $4 billion at current market prices, an AOL
spokesman said Thursday.

In a filing with the Securities and Exchange Commission, America Online disclosed that Sprint's Sprint
Communications Co. LP unit planned to sell 28.8 million AOL shares.

Other shareholders also filed to sell smaller lots of AOL stock, including stakeholders in two private companies
AOL recently agreed to purchase -- PersonaLogic, acquired in November, and When Inc., acquired in March.

Among others, Vulcan Ventures Inc., the investing firm of Microsoft Corp. (MSFT - news) co-founder Paul Allen, filed to sell 269,188 shares.