A BAILOUT – THAT’S A STRATEGIC BENEFIT, RIGHT?

“From the standpoint of CitySearch’s IPO, the strategic benefits of the merger are even more compelling than the prospect of pursuing an independent path as a public company.”

CitySearch CEO Charles Conn, on the merger of his company with USA Networks’ interactive division, which spared him an embarrassing Wall Street debut, News.com, 13 August 1998

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