Deals Continue to Roll In
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A merger between two leading Internet plays was once again grabbing the attention of investors Tuesday in a week that has so far been dominated by deals.
Just after midday, internet.com's Internet Stock Index was up 1.24, or .22 percent, to 552.66, the Nasdaq Composite was up 2.77 to 2,781.00 and the Dow Jones industrial average had fallen 42.75 to 11,132.27.
The two companies Wednesday announced they were merging in in a stock deal valued at $400 million.
Excite@Home Corp. (ATHM) was down 9/16 to 49-3/8. Excite@Home and Unilever inked a broadband advertising deal that will showcase Unilever's products. The deal is the largest investment any consumer products company has made in broadband advertising.
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