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Short: PlanetOut gets $3 million investment

PlanetOut received a $3 million investment from Sequoia Capital and America Online to staff and market the site geared toward the interests of the gay and lesbian community. PlanetOut has purchased Queer Infoservers, a gay Internet directory, and has licensed the electronic rights to "The Ultimate Guide to Lesbian & Gay Film and Video." A partnership between PlanetOut and Yahoo will deliver daily news in Yahoo's Gay and Lesbian category.

PlanetOut received a $3 million investment from Sequoia Capital and America Online to staff and market the site geared toward the interests of the gay and lesbian community. PlanetOut has purchased Queer Infoservers, a gay Internet directory, and has licensed the electronic rights to "The Ultimate Guide to Lesbian & Gay Film and Video." A partnership between PlanetOut and Yahoo will deliver daily news in Yahoo's Gay and Lesbian category.