Disney buys Infoseek, prepares for losses
Disney's purchase of the online directory will give it total control over its Internet venture, Go.com, but Infoseek shareholders are fighting the deal.
latest developments |
Disney's purchase of Infoseek will give it total control over its Internet venture, Go.com, but Infoseek investors are fighting the deal. Even if the deal goes through, however, a Disney executive says the new Net unit will lose money initially. "This is an Internet property that has its future in front of it." - Barry Hyman, analyst, Ehrenkrantz King Nussbaum |
| Infoseek shareholders sue Disney Disney is sued by Infoseek shareholders who contend the world's second-largest entertainment company's buyout of the Internet search company shortchanges other Infoseek stockholders.
Disney to buy Infoseek, form Go.com
Go.com will see losses, Disney exec says previous coverage
Go Network to enforce strict privacy policy |