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Disney invests in Starwave

Published on .

Walt Disney Co. on Thursday announced it has acquired a stake in Starwave Corp., as expected. Disney will have operating control over the company, and founder Paul Allen will remain the largest shareholder. Terms of the deal weren't disclosed, but earlier reports indicated Disney was angling to pay $100 million for a one-third stake in the company.

For more on this story, see the full article in Interactive.

Copyright April 1997, Crain Communications Inc.

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