首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
High-speed Internet provider At Home Corp. is buying Excite Inc. , one of the leading destinations on the World Wide Web, for ab
High-speed Internet provider At Home Corp. is buying Excite Inc. , one of the leading destinations on the World Wide Web, for ab
admin
2010-07-06
27
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 tor 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% 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 executive 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% 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.
How does AT&T fit into the picture of the At Home-Excite deal?
选项
A、Excite has been dealing with AT&T for some time.
B、AT&T and At Home has been running At Home Networks jointly.
C、AT&T is about to ally with TCI, the owner of At Home.
D、AT&T runs Internet, of which Excite is an important user.
答案
C
解析
根据第二段第一、第二句,At Home是TCI、Cox Communications和其他几家投资者组建的公司,且TCI正在准备与AT&T合并。而第三段第二句谈到,At Home Networks是购买Excite后打算组建的新公司的名称。由此可知C为正确答案。
转载请注明原文地址:https://kaotiyun.com/show/fdJd777K
本试题收录于:
公共英语四级笔试题库公共英语(PETS)分类
0
公共英语四级笔试
公共英语(PETS)
相关试题推荐
Throughouthistorytherehavebeenmanyunusualtaxesleviedonsuchthingsashats,Beds,Baths,marriages,andfunerals.Aton
Throughouthistorytherehavebeenmanyunusualtaxesleviedonsuchthingsashats,Beds,Baths,marriages,andfunerals.Aton
Defendersofspecialprotectivelaborlegislationforwomenoftenmaintainthateliminatingsuchlawswoulddestroythefruitso
EmployeesoftheTaffValeRailwayCompanyinSouthWalesgreasedthetracksandcuttelegraphwiresduringabitterstrikein1
TheAmundsen-ScottSouthPoleStationmadeheadlinesinAprilwhenthedoctorforthatremotesciencefacilitywastakenserious
WhatcanbesaidaboutthereportbytheNationalAcademyofSciences?
TheissueofonlineprivacyintheInternetagefoundnewurgencyfollowingtheSept.11terroristattacks,sparkingdebateover
Genetherapyandgenebaseddrugsaretwowayswecouldbenefitfromourgrowingmasteryofgeneticscience.Buttherewillbeo
TheissueofonlineprivacyintheInternetagefoundnewurgencyfollowingtheSept.11terroristattacks,sparkingdebateover
Thedestructionofournaturalresourcesandcontaminationofourfoodsupplycontinuetooccur,largelybecauseoftheextreme
随机试题
狭义的货币不包括()
Thetutortellstheundergraduatesthatonecanacquire______inaforeignlanguagethroughmorepractice.
心理咨询的基本方法不包括
下列降压药物中,属于排钾利尿剂的是
磷酸氢二胺(纯)
ABC公司目前管理着十几家便利店,前几天刚刚在某一城市的北部郊区开设了一家新店。ABC的市场营销经理认为,该市的郊区是一个盈利能力很强的目标市场,因为该区域有几个高档的住宅楼盘和商务楼,但便利店或超市还未充分进入该区域。以下哪项很有可能弱化这些有新兴区域市
下列行为中不属于行政行为的是()。
下列几种存储器中,存取周期最短的是
【B1】【B19】
Theyallcameearly,butshecame(early)______ofall.
最新回复
(
0
)