Go2Net, the portal company that Microsoft billionaire Paul Allen unsuccessfully tried to assume control of, said it will acquire IQC.com Inc for roughly $20m in stock. IQC provides free and subscription-based online financial information, analysis and real-time stock charting services, which Go2Net says it will integrate with its Silicon Investor property.
Go2Net says the acquisition follows repeated requests for charting capabilities from Silicon Investor users. IQC Chart is touted as the first 100% pure Java-based financial analysis tool and the service is sold to subscribers for $25 a month. More basic charts and tools are also available free of charge, which Go2Net will continue to offer.
