National Discount Brokers Corp., an online brokerage and financial services company (www.ndb.com) and subsidiary of National Discount Brokers Group, will be the exclusive brokerage service for Go2Net, a network of Web sites. Under the three-year deal, Go2Net will develop and license to NDB.com a co-branded version of its Silicon Investor financial discussion boards. In addition, Vulcan Ventures, the investment organization of Paul G. Allen, and Go2Net have agreed to purchase up to 1 million shares of the common stock of National Discount Brokers Group, while Go2Net will receive an annual minimum payment of $7.5 million from NDB.com over the three-year term. NDB.com will be featured prominently throughout the Go2Net Network and Silicon Investor.
Copyright February 2000, Crain Communications Inc.