SportsLine USA, Inc., an Internet-based sports information and electronic commerce provider located in Fort Lauderdale, FL, has formed a new subsidiary, SportsLine Europe Ltd., which will provide content, community and e-commerce throughout the continent. The site goes live this summer.
SportsLine USA will own approximately 80% of SportsLine Europe, and Intel Corp., MediaOne Ventures, and Reuters have acquired minority interests in the new entity, which will be headquartered in London.
Separately, SportsLine Europe has agreed to acquire http://www.sportsweb.com, one of Europe’s leading sports Web sites, from Reuters. SportsLine Europe will incorporate sportsweb.com into its network of sites. SportsLine Europe will launch during the summer of 1999 as a premier sports media company focused on becoming a dominant force in European online sports.
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