Original URL: https://www.theregister.com/2000/09/26/globalnet_financial_telescan_merger_collapses/
Globalnet Financial/ Telescan merger collapses
Different strokes
Posted in On-Prem, 26th September 2000 08:45 GMT
The merger agreement between GlobalNetFinancial.com and Telescan has collapsed, with the two financial dotcom sites hurrying to unwind shareholdings in each other. GlobalNetFinancial is also stumping up $250,000 to pay towards merger expenses incurred by Texas-based Telescan.
So what happened? In a joint statement, the companies say - in effect- that they are better off pursuing their "respective growth strategies". That would be an argument, then? ®