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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn D. Rudolph who wrote (21841)5/21/1999 9:26:00 AM
From: Shafik Habal  Read Replies (2) | Respond to of 27307
 
Yahoo to Announce AOL Pact (rumor source: streetq.com
StreetQ has learned from sources that Internet portal, Yahoo! (YHOO), is currently in talks with America Online (AOL) about a possible portal pact. Under terms of the agreement, Yahoo! would be featured in highly trafficked areas of AOL's online service and be made the official search engine of America Online. Futhermore, the Yahoo! directory would be made the official directory of Netscape's NetCenter site, whose directory is currently powered by Excite. In return, Yahoo! would cross market America Online's Internet access services.

Given the current state of Yahoo!'s tumultuous relationship with AT&T (T), whose WorldNet service is being marketed by Yahoo!, it is not unlikely that Yahoo! is seeking to disalign itself from the Excite-AtHome-AT&T Axis formed by the three companies two months ago.

Yahoo! closed at $151 1/2 on Thursday, AOL ended the day at $129 1/2, while AT&T closed at $59 1/4.