首页
登录
职称英语
High-speed Internet provider At Home Corp. is buying Excite Inc., one of th
High-speed Internet provider At Home Corp. is buying Excite Inc., one of th
游客
2024-10-21
1
管理
问题
High-speed Internet provider At Home Corp. is buying Excite Inc., one of the leading destinations on the World Wide Web, for about $ 6.7 billion in stock in one of the largest Internet company deals. The deal announced today would surpass America Online Inc.’ s $ 4.2 billion acquisition of Netscape Communications Corp. last year. Based on closing stock prices Friday, Excite is worth about $ 3. 4 billion, which would mean that At Home would be paying a huge premium. The deal could eventually give telecommunications giant AT&T Corp. control of one of the highly sought-after portals that serve as entry points onto the Internet.
At Home is owned by Tele-Communications Inc., Cox Communications and several other investors. TCI is in the process of merging with AT&T Corp. in a $ 39 billion deal that is expected to be completed by spring. AT&T Corp. chief executive Michael Armstrong has stated he wants to use At Home as a conduit for delivering a wide range of communications services, including electronic commerce. Control over Excite, which has a search engine and links to several online shopping sites, would certainly enhance that goal. Excite, which has lagged behind other Web-site companies, such as Yahoo!, has been looking for a larger partner in the rapidly consolidating Internet portal market, especially in wake of the AOL-Netscape deal. Several other companies had been rumored to be interested in Excite, including Yahoo! Inc. and Microsoft Corp. Negotiations between Yahoo! and Excite broke off this weekend, according to published reports.
Excite, eager to extend its reach and market power, was attracted by an alliance with AT&T and TCI. Excite’s shareholders are expected to own about 30 percent of the combined company, which would be known as At Home Networks. Excite chief executive George Bell would take a position on the new company’s executire board, reporting to At Home chief executive Tom Jermoluk. At Home, which delivers high-speed Internet service over cable TV lines, has more than 330 000 customers. The deal would give it access to Excite’s more than 20 million registered users and to the company’s content-development. capabilities. Both companies are located in Redwood City, Calif. At Home, whose stock has risen nearly 300 percent over the past year, has the money to make a deal, Michael Harris, president of Kinetic Strategies Inc. told MSNBC." With At Home’s existing stock valuation (of about $11.7 billion), it’s been surprising they haven’t done more deals. They’ve certainly got a huge war chest built up."
Neither company has yet made a profit. In the three months ended Sep. 30, Excite lost $6.8 million on revenue of $44 million, including acquisition and amortization expenses. In the same period, At Home lost $ 9.7 million. [br] Before the At Home-Excite deal, Excite had attempted a deal with ______.
选项
A、TCI
B、AT&T
C、AOL
D、Yahoo!
答案
D
解析
细节理解题。根据第二段第六、七句传闻有几家公司对Excite感兴趣,包括Yahoo!和Microsoft公司,但根据报道,本周末Yahoo!和Excite的谈判最终以失败告终。TCI是Tele-communications Inc.的缩写。AT&T是American Telephone and Telegraph Co.(美国电话电报公司)的缩写。AOL是America Online Inc.的缩写。
转载请注明原文地址:https://tihaiku.com/zcyy/3811022.html
相关试题推荐
High-speedInternetproviderAtHomeCorp.isbuyingExciteInc.,oneofth
High-speedInternetproviderAtHomeCorp.isbuyingExciteInc.,oneofth
VintonCerf,knownasthefatheroftheInternet,saidonWednesdaythatthe
Accordingtoareport【C1】______yesterdaybytheChinaInternetNetworkInfor
Accordingtoareport【C1】______yesterdaybytheChinaInternetNetworkInfor
Accordingtoareport【C1】______yesterdaybytheChinaInternetNetworkInfor
Accordingtoareport【C1】______yesterdaybytheChinaInternetNetworkInfor
Accordingtoareport【C1】______yesterdaybytheChinaInternetNetworkInfor
Accordingtoareport【C1】______yesterdaybytheChinaInternetNetworkInfor
Accordingtoareport【C1】______yesterdaybytheChinaInternetNetworkInfor
随机试题
Abalanceddietprovidesanadequateintakeofnutrientsformaintenanceof
【B1】[br]【B19】A、facilitiesB、capacitiesC、reflectionsD、intentionsD这句话说:“音乐会对消
Thewaypeopleholdtothebeliefthatafunfilled,painfreelifeequalsh
HealthregulatorsonFridaydetainednineshipmentsoforangejuicefromBra
为了让人们更好地记住年份,我们的祖先用12只动物来代表年份,即“十二生肖”(ChineseZodiac)。每一年由一种动物代表,每隔12年进行一个循环
某项目经理在编制干系人管理计划,绘制的如下表格是( )。 A.干系人职责分配
属于机构投资者在金融市场中的作用的有()。 ①有利于改善储蓄转化为投资的
下列说法不正确的是( )。A.当发现有中暑者时,应立即将其转移到阴凉通风处,并
纳税人销售货物或者应税劳务适用免税规定的,可以放弃免税,依照《增值税暂行条例》的
男,24岁。发热,腹痛、腹泻1天,为黏液脓血便。查体:T38.4℃,BP11
最新回复
(
0
)