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BUSINESS
July 15, 1997 | (Dow Jones)
World Wide Web Casinos Inc., an Internet casino gaming company, and USA Growth Inc. said Monday that they have agreed to merge into a new corporation called Newcom. Shareholders of Santa Ana-based World Wide Web Casinos would emerge with a 94% stake in the new company's equity, while USA Growth, a New York-based venture capital firm, would own the remaining 6%. The agreement, which initially was announced in March, is subject to the approval of each company's shareholders and other conditions.
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BUSINESS
July 15, 1997 | (Dow Jones)
World Wide Web Casinos Inc., an Internet casino gaming company, and USA Growth Inc. said Monday that they have agreed to merge into a new corporation called Newcom. Shareholders of Santa Ana-based World Wide Web Casinos would emerge with a 94% stake in the new company's equity, while USA Growth, a New York-based venture capital firm, would own the remaining 6%. The agreement, which initially was announced in March, is subject to the approval of each company's shareholders and other conditions.
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BUSINESS
March 13, 1997
World Wide Web Casinos Inc., which plans to launch an online gambling casino on the Internet, said it has agreed to merge with New York-based USA Growth Inc. Terms of the deal were not disclosed, but World Wide Web Casinos officials said that the purpose of the merger was to assume USA Growth's position as a public company with a stock listed over the counter. After the merger, executives said, the combined company will be called World Wide Web Casinos and the trading symbol will be changed.
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