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CitySearch Merger Announced

(Apr 03, 1998)

"Online city guide CitySearch Inc. and city guide developer Zip2 Corp. will announce on Monday an agreement to merge their companies in a deal worth about $300 million."

"The combined company, which will retain the CitySearch name, will be an entity with approximately 700 employees and coverage in 175 cities, including Zip2's online directory service. Executives from the two sides said the deal will not result in layoffs. The new company will be based in Mountain View, Calif."