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

To: WallStreetTips who wrote (6103)	5/24/1999 3:15:00 PM
From: RTev	Respond to of 28311

I can very confidently say that Paul Allen will now own 54% of GNET that he wanted. I don't see any SEC filings that indicate he intends to buy more GNET stock. Have you seen something? Another note on that subject: The narrative of the Vulcan/GNET transaction in the recently mailed document says what several news reports at the time also noted, that it was Go2Net and not Vulcan that insisted on the tender offer. It says, "The Company requested that Vulcan agree, in addition to purchasing newly-issued preferred stock from the Company, to couduct a tender offer for a significant number of shares of the Company's common stock as part of the transaction structure to provide liquidity to the Company's existing stockholders...." As has often been stated: That part of the deal was designed to provide support for the price. It helped to assure acceptance of the deal. There is little indication that Allen ever felt a need to obtain those shares.