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News > Technology
NBC boosts Net2Phone
August 9, 1999: 5:24 p.m. ET

Broadcaster and Snap.com to take equity stakes in Internet phone company
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NEW YORK (CNNfn) - Shares of Net2Phone Inc. surged 23 percent Monday after NBC and Web portal Snap.com took equity stakes in the Internet phone company.
     Hackensack, N.J.-based Net2Phone (NTOP) allows people to make low-cost telephone calls over the Internet. The company's shares rose 3-7/8 to close at 20-3/8 in Monday trade on the Nasdaq stock exchange.
     NBC, a unit of General Electric Co. (GE), will feature a link to Net2Phone on its NBC.com Web site and on Snap.com, which is owned by NBC and CNet Inc. (CNET).
     Financial terms of the equity stakes were not disclosed.
     CNet shares fell 1-5/16 to 31-1/16.Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.