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Casting A Line For America Online


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CASTING A LINE FOR AMERICA ONLINE

All the information money can buy? Microsoft's other founder, Paul Allen, may be trying to acquire America Online, the only publicly traded consumer computer service. The billionaire Allen, who also owns the Portland Trail Blazers, said in a Securities & Exchange Commission filing that he is considering a tender offer or other type of business combination with the $26 million Vienna (Va.) company. He is already the largest shareholder, with just under 25%. Allen and America Online declined to comment, but the news sent America Online's stock up 4 1/4, to 30 1/2, on May 3.EDITED BY JULIE TILSNER


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