NBC, QUOKKA DEAL - Broadcasting & Cable

NBC, QUOKKA DEAL

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Quokka Sports, which will play a major behind-the-scenes role in NBC's Olympic Web site, must be doing something right: NBC has decided to purchase up to 10 million shares of the company's stock. The deal could be worth nearly $141 million, and, if NBC exercises all of its warrants, it would have a 15% stake in the company.

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