Go2Net buys Web21 for $13.5 mil

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Go2Net, which owns a number of search, game and community sites, purchased Web21, Palo Alto, Calif. Go2Net paid $13.5 million in stock for Web21 and its 100Hot index, which ranks the top 100 sites in categories with proxy logs. The transaction closed on Dec. 31. Web21 will become a wholly owned subsidiary of Go2Net. It will remain based in Palo Alto, with company founder Bert Fornaciari continuing as president. Go2Net's sites include the MetaCrawler search engine, Silicon Investor, StockSite and PlaySite, a Java-based multiplayer game site. Go2Net Labs is a division of the company that licenses Web technology to other sites.

Copyright January 1999, Crain Communications Inc.

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