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[sharechat] ITC


From: "Ben Dutton" <bendutton@sharechat.co.nz>
Date: Wed, 1 Dec 1999 20:18:23 +1300


I've just read that Emusic.com, the "leading seller of downloadable music"
will acquire tunes.com, the third most visited music web site.

This is of course interesting because IT Capital has a US$500,000 investment
in tunes.com

As the deal is reported to be worth US$130 million (in a stock-for stock
deal) it could provide a very big payoff for IT Capital.  Unfortunately I
haven't been able to find the percentage of tunes.com that IT Capital holds
for its investment.

Benjamin Dutton


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