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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: J. Nelson who wrote (4883)	5/13/1999 9:59:00 PM
From: Bob Biersack	Respond to of 108040

IATV***Big news Thursday May 13, 7:55 pm Eastern Time ACTV may be takeover target-Businessweek NEW YORK, May 13 (Reuters) - ACTV Inc., creator of a system that combines television and the Internet, could eventually be taken over by Liberty Media Group, which recently raised its stake in the company, Business Week reports. ACTV's stock, which in mid-April reached about $21 before closing at $15.94 Thursday, could rise again because Liberty may acquire the company, the magazine's May 24 edition says, citing Southwest Research Partners analyst Anthony Stoss. Liberty already increased its $5 million stake in ACTV with a $9 million investment in April, and Liberty has the option to own as much as 25 percent, the financial news weekly said. Stoss told the magazine that media mogul Rupert Murdoch's News Corp. or General Instrument Corp. (GIC - news) could also end up buying the company. Neither ACTV nor any of the other companies were not immediately available for comment