and Sears, Roebuck & Company are about to sell online service Prodigy
to a team of the online service's managers as
early as this week,
according to a report in Interactive Week.
The two companies, which founded Prodigy in 1984, are expected to sell the
online service to a group of managers led by Prodigy president Ed Bennet.
The sale price could be anywhere from $100 million to $250 million, according to the
In February, Sears confirmed its intent to sell its stake in Prodigy,
which has slipped to third-place among the major online services behind America Online and CompuServe.
Sears gets rid of Prodigy