DRKOOP.COM Partners with AOL
May 29, 2000DRKOOP.COM Partners with AOL Management at DrKoop.com, the Internet-based consumer healthcare network, is hopeful that a recent partnership with America Online (AOL) will help the firm out of its financial difficulty. The company has restructured its content and commerce agreement with AOL under which AOL has agreed to convert its previous agreement, including all future cash commitments as well as warrants, into drkoop.com common stock, giving AOL ownership of 10% of drkoop.com based on current shares outstanding. The term of the agreement and drkoop.com's level of promotion across the AOL properties . . .
