By Ben King, 8 February 2001 17:45
NEWS The Associated Press quoted Eisner comments from a briefing to Wall Street analysts. When asked whether Disney would be pursuing Yahoo! to help it compete with the recently merged AOL Time Warner, Eisner confirmed that in principle, the company would love to. According to the report, Eisner said: "Yahoo is a great company, The problem is it's just overvalued." Yahoo's market capitalisation is currently $18bn, with Disney's at $ 67bn. Disney recently pulled the plug on its existing Go.com internet venture. "It cost us about $150m to fail at Go.com," Eisner said. "But now this company is fluent in the Internet vocabulary. Yes, we lost $150m in hard cash. But we gained half of two companies and a lot of knowledge."
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