Infoseek, Disney unit to launch new Internet site

Article Abstract:

The online division of Walt Disney Co. and Infoseek Corp. are planning to create a new Internet site which will be named the "Go Network." Industry analysts have said that both companies are interested in becoming leading contenders in the race for establishing central hubs, or portal, on the World Wide Web. Disney, which has said that its strategy is to own industry-leading brands, will contribute $166 million for marketing support of the new venture. The new online service will offer search and directory functions and communications and electronic commerce.

Comment:

Has been planning to create a new Internet site with Walt Disney Co., which will be named the "Go Network"

Specialized Telecom Services, Wired Telecommunications Carriers, Strategic alliances, New Electronic Marketing, Licensing/Sales Agreements, Walt Disney Co., Infoseek Corp., Article

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Excite purchase for $7.5 billion in stock is set

Article Abstract:

@Home is going to purchase Excite Inc. for $7.5 billion in stock and in turn make @Home a tough competitor for AOL. The only reason @Home has become capable of this purchase the recent surge in Internet stocks in the past month.

Asset sales & divestitures, Acquisitions & mergers, On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Mergers, acquisitions and divestments, Company acquisition/merger, Online services, At Home Corp., Excite Inc., XCIT

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