GO.com And eBay To Launch Co-Branded Person-To-Person Online Trading Destination; New Site Features Links to the GO.com Portal And eBay

Business Wire, June 12, 2000

Business Editors & High Tech Writers

NORTH HOLLYWOOD, Calif.--(BUSINESS WIRE)--June 12, 2000

As a result of the relationship announced in February, GO.com (NYSE:GO), the Internet business of The Walt Disney Company, and eBay(R) (NASDAQ:EBAY) (www.ebay.com), the world's leading online trading community today launched a new, co-branded person-to-person online trading site.

The new site will be accessible at http://ebay.go.com and include direct links the GO.com family of Web sites.

The co-branded site is designed to make it easier for GO.com's 18 million users to actively participate and enjoy the fun of shopping on eBay's dynamic global marketplace of over 12 million registered users.

The new person-to-person site should be widely promoted across the online and offline assets of The Walt Disney Company. GO.com will drive online traffic to the site from many of Disney's online properties, including ABC.com, Disney.com, ESPN.com, and the GO.com portal.

"Online trading is among the most popular activities on the Web and we are pleased to offer our visitors a unique online destination that features the best of GO.com and eBay," said Steve Bornstein, chairman of GO.com. "This is the first step in creating distinctive and fun online trading experiences."

"We are delighted to introduce the first product of our joint, four-year marketing agreement," said Jim Davis, eBay's vice president for marketing. "A simple and convenient click of the mouse will transport GO.com users to eBay's vibrant, global marketplace of passionate and knowledgeable users."

As previously announced, GO.com and eBay plan to launch merchant-to-person online trading destinations for Disney.com, ESPN.com and ABC.com. These sites will be designed to showcase unique, exclusive and authenticated products, props and memorabilia from throughout The Walt Disney Company, including Walt Disney Studios, Disneyland and Walt Disney World, ESPN Cable Networks and ABC Television.

In addition, the companies plan to promote the sites throughout Disney's traditional offline properties, including the ABC Television Network, ABC Radio Network, ESPN Cable Networks, Disney Channel, the Disney Catalog, theme parks, the annual Disneyana Convention and in other special events and promotions developed by the companies.

About GO.com

GO.com (NYSE:GO) is the Internet business of The Walt Disney Company. And manages some of the Internet's most popular Web sites, including the GO.com portal, ABC.com, ABCNEWS.com, ABCSports.com, Disney.com, Disneystore.com, DisneyTravel.com, ESPN.com, ESPNstore.com, EXPN.com, Family.com, Movies.com, Mr. Showbiz, NASCAR Online, NBA.com and NFL.com. Steven M. Bornstein is the chairman of GO.com, which is headquartered in North Hollywood, California, with operations in Sunnyvale, Calif.; Seattle, Washington; Bristol, Conn.; New York; and London.

About eBay

eBay (www.ebay.com), the world's personal trading community, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 12 million registered users. Currently, there are over four million items listed for sale and eBay users add more than 500,000 new items daily in more than 4,300 categories, including: antiques; automobiles; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

This announcement contains forward looking statements that involve risks and uncertainties. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the timing and costs of developing the co-branded web sites, user acceptance of the new sites and availability of appropriate merchandise for the new merchant to person sites. More information about potential factors which could affect eBay's business and financial results is included in eBay's Form 10-Q for the period ended September 30, 1999 under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and results of Operations" and the prospectus supplement filed with the SEC on January 27, 2000. All forward looking statements are based on information available to eBay and The Walt Disney company on the date hereof, and neither company assumes any obligation to update such statements.