Feeds

Disney moots Infoseek buyout

Deal to tie up loose ends before full Web operation spin-off

  • alert
  • submit to reddit

High performance access to file storage

Disney wants to increase its stake in Internet portal Infoseek from 43 per cent to 100 per cent, the company has said. Such a deal would require the approval of both companies' shareholders, said Disney, but it admitted it was discussing such an arrangement with the Portal to see whether it would be a viable way to proceed. What makes the discussions interesting is Disney's comment that it is also looking at issuing a new class of stock for the combination of Infoseek and its own Internet businesses. That neatly ties in with earlier speculation that Disney intends to spin off its Internet operations to cash in on the inflated prices Net shares have been sold at over the past nine months or so. Other media companies, such as Ziff-Davis, have been equally keen to spin off their online divisions, again with the prospect of profitable share trading enriching the company coffers. Here in the UK, Bath-based Future Holding's upcoming sell-off looks set to value the company at £525-600 milion, despite the fact it lost £9.5 million last year. Meanwhile, Disney already has a portal site, the Go Network, that's co-owned by Infoseek, so buying up the latter and merging it with Go would neatly tie up all the lose ends. The cost would presumably be amortised through the money Disney would make through the sell-off of the combined operation. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.