Finance

SQUASH IT: TOTAL DENIAL OF SPORTSLINE'S ACQUISITION

3.29.2000

          Raleigh-based Total Sports "is trying to squash
     persistent reports" that it has been negotiating a sale to
     SportsLine.com, while maintaining that its IPO "will take
     place this year," according to Karin Schill of the Raleigh
     NEWS & OBSERVER.  Total Sports' "top managers" responded to
     reports earlier this week with an e-mail message to "more
     than 200 worried employees, denying" that the company "was
     being shopped."  Total Sports Founder Frank Daniels declined
     comment, but a SportsLine spokesperson said that SportsLine
     "wouldn't discuss pending acquisitions except to say that
     any reports that SportsLine is buying Total Sports are
     'completely in error.'"  Phil Leigh, an Internet researcher
     who "follows" SportsLine for Raymond James, cited "reliable
     sources" as saying talks were done.  Leigh: "This deal is
     not going to happen" (Raleigh NEWS & OBSERVER, 3/29).

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