Infoseek and Disney Announce New Portal -- Go Network

Go Network (GO.com) will be among top three in traffic

Sunnyvale and Burbank, Calif.--(September 21, 1998) -- Infoseek Corporation (Nasdaq: SEEK) and The Walt Disney Company (NYSE: DIS) today revealed that the new Internet portal service they are developing will be called Go Network™ and that it will be available at www.go.com. Go Network will be offered to the public as a preview release later this year, it was announced by Infoseek President and CEO Harry Motro and Buena Vista Internet Group Chairman Jake Winebaum.

According to Relevant Knowledge, and based on the July 1998 Web Report, Go Network will have the third largest unduplicated reach on the Internet, in terms of unique visitors, at launch, and would rank ahead of Microsoft and Netscape, and behind only Yahoo and AOL.

Go Network will answer customers' needs by providing utility, ease-of-use, speed, personalization and choice. Visitors will be able to search the Web using Infoseek's award-winning search and directory technology. In addition, Go Network will provide immediate access to one of the broadest selections of popular branded content on the Internet, addressing audiences from kids, to families, to young adults, to business users, from Network partners such as Disney, ABC News and ESPN, as well as leading Internet content publishers.

"The Internet is unique in its ability to not just inform and entertain, but to empower individuals to make their lives easier. The Go Network brand will stand for removing barriers from people's lives and fulfilling the true promise of the Internet," said Motro. "Go Network will launch with one of the largest and broadest consumer bases on the Internet. We intend to exceed our customers' expectations and in doing so, we expect our user base to expand rapidly."

"This alliance brings together an incredible combination of assets: great content, strong brands, superior technology and tremendous marketing horsepower," said Winebaum. "Go Network is an exciting new brand and product that we will put our collective resources behind."

"Go Network is a cutting-edge initiative that fits perfectly with our company's overall mission," said Michael D. Eisner, chairman and CEO of The Walt Disney Company. "And that mission is to provide quality entertainment and information to audiences at a wide range of established and emerging ventures. The Internet is providing a dynamic new way to engage our audiences in the comfort of their homes. With Go Network, we are making clear that we intend to seize this opportunity and be just a click away from consumers around the globe."

The portal, which was first discussed by the companies as part of a strategic transaction pursuant to which Infoseek would acquire Starwave Corporation, which is majority-owned by Disney and pursuant to which Disney would acquire additional shares of Infoseek Common Stock that would result in them having an approximately 43% stake in Infoseek. Disney would also purchase warrants from Infoseek enabling it, under certain circumstances, to achieve a majority stake in Infoseek over time. This transaction is subject to customary closing conditions, including shareholder approval. The launch of the new Internet portal, which is subject to consummation of this transaction, is currently expected to occur in the fourth calendar quarter of 1998.

About Infoseek:
Based in Sunnyvale, Calif., Infoseek Corporation (Nasdaq: SEEK) is a global media company and a leading Internet navigation service with the goal of delivering on the promise of the Internet -- to make people's lives easier. In addition to the Infoseek Internet service, Infoseek licenses its Ultraseek Server search and navigation software to companies for their own intranet, extranet and Internet sites.

Infoseek has commerce and/or content arrangements with entities that include AT&T (NYSE: T), Auto-By-Tel, Borders Group, Inc. (NYSE: BGP), CMP Media, Inc. (Nasdaq: CMPX), Datek Online, Inc., Microsoft Corporation (Nasdaq: MSFT), PeopleLink Inc., UPS, and Reuters.

About Buena Vista Internet Group:
Formed in 1997, Disney's Buena Vista Internet Group operates Web sites that include ABC.com, the number one network Web site; Disney.com, the top-ranking kids, family and entertainment site; and Disney's Blast Online, the online service for kids. Buena Vista Internet Group is also the joint venture partner in ABC News Internet Ventures and ESPN Internet Ventures with Starwave Corporation, which operate the Internet's fastest growing news and most popular sports sites respectively.

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NOTE: This press release contains forward-looking statements regarding the planned new Internet portal service to be named Go Network and the timing of its development and launch that are subject to risks and uncertainties. Actual results may differ materially from those set forth in such statements as a result of a number of factors, including, but not limited to the progress and timing of development and launch of the planned new Internet portal service, the costs and timing to promote such service, consumer acceptance and use of the new service, and the increasingly competitive nature of the Internet market. In addition, launch of the planned new portal service is conditioned upon and subject to the consummation of the Infoseek acquisition of Starwave and related transactions with Disney, that are subject to customary closing conditions, including shareholder approval.