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The Walt Disney Company - Internet Group, formerly known as Go.com, oversees many of the Web's most popular sites and services, including the GO Network portal, ABC.com, ABCNEWS.com, Disney.com, DisneyStore.com ESPN.com, NFL.com, NBA.com, Family.com, and Mr. Showbiz. Go.com was formed as a result of the November 1999 merger between Infoseek Corporation and The Walt Disney Company's online unit, Buena Vista Internet Group (BVIG). On November 17, 1999, stockholders of the The Walt Disney Company and Infoseek approved Disney's acquisition of the remaining interest in Infoseek that it did not already own. The acquisition was effected by the creation and issuance of a new class of common stock, called Go.com common stock. Upon consummation of the acquisition, the Company combined its Internet and direct marketing businesses with Infoseek to create a single Internet and direct marketing business called Go.com. Disney retains an interest of approximately 71% in Go.com at March 31, 2000. |