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. Last Updated: 07/27/2016

Disney Buys Infoseek

NEW YORK -- The Walt Disney Co. is consolidating its online strategy by acquiring the remainder of Infoseek Corp., the two companies announced Monday.

Disney will pool its existing Internet assets with those of the California-based Infoseek to create a single entity called that will serve as the online arm of the entertainment conglomerate.

Disney had already taken a 42 percent stake in Infoseek last year and worked with it to create the Go Network, which is powered by Infoseek's search capabilities.