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 abo
High-speed Internet provider At Home Corp. is buying Excite Inc., one of the leading destinations on the World Wide Web, for abo
admin
2010-05-25
56
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.
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
细节理解题。根据第二段第一句,At Home是TCU、Cox Communications和其他几家投资者组建的公司。第二句又提到,TCI正在准备与AT&T合并,买卖达390亿美元,预期今春完成联手。所以,第一段最后一句、第二段第三句都提到了AT&T对这场交易的反应。根据第三段第二句,At Home Networks是购买Excite后打算组建的新公司的名称。
转载请注明原文地址:https://kaotiyun.com/show/ub1K777K
0
专业英语四级
相关试题推荐
LongitudeandLatitudeThemeridiansoflongitudeareimaginarygreatcirclesdrawnfrompoletopolearoundtheearth.By
Americaisthelandoftheautomobile.Thiscountryhasonly6percentoftheworld’spopulationbut46percentoftheworld’sc
StaggeringtasksconfrontedthepeopleoftheUnitedStates,NorthandSouth,whentheCivilWarended.Aboutamillionandaha
Cultureisthesumtotalofallthetraditions,customs,beliefs,andwaysoflifeofagivengroupofpeople.Inthissense,ev
Nowadaysgroupsofscientificworkers,often【C1】______bytheirgovernments,spendtheirtime【C2】______theoccurrenceofearthq
Hewouldprefertoresign______tobedismissed.
Inanysociety,nomatterhow【C1】______,someindividualshaveauthority【C2】______others,atleastwithinalimitedsphere.Obed
Inanysociety,nomatterhow【C1】______,someindividualshaveauthority【C2】______others,atleastwithinalimitedsphere.Obed
HowDoUniversitiesDealWiththeEnrollmentLawofMinorityPreference?Asstudentsprimpandpreentowowtheirfavoritec
随机试题
简述我国坚定不移地奉行独立自主的和平外交政策的依据。
可摘局部义齿中主要起固位作用的部分为()
A、金钱草B、海金沙C、连钱草D、革薜E、茵陈味甘、咸,性微寒,善治湿热黄疸、肝胆结石、石淋的药物是
某股上升行情中,KD指标的快线倾斜度趋于平缓,出现这种情况,则股价( )。
甲公司对某投资项目的分析与评价资料如下:该投资项目适用的所得税税率为25%,年税后营业收入为525万元,税后付现成本为370万元,税后营业利润为80万元。那么,该项目年税后营业现金净流量为()万元。
在民事诉讼或民事执行程序中,受理案件的人民法院获悉债务人不能清偿到期债务时,应当()。
鲁迅的本质精神是他对于中国社会、文化和中国人的深刻理解。只有理解了中国社会才能读懂鲁迅,而只有读懂了鲁迅才能理解中国社会。鲁迅与中国就是这样一种解不开的纠葛。他一生批判和挑战的【】哪一个个人,【】中国的一种文化传统,一种民族劣根性,一种社会状态。局
下列法学家中,把法律比作语言和风俗,主张法是民族精神之体现的是()。(2011年单选1)
简述危害行为的概念及其特点。
在计算机应用中工作量最大的应用领域为
最新回复
(
0
)