Big Doings at Disney

Shareholders of entertainment giant Walt Disney Co. approved the company’s spinoff of its Internet assets into a separately traded company called Go.com. The company also said shareholders of Internet search engine Infoseek Corp., voting at a separate meeting, approved Infoseek’s acquisition by Disney, which paved the way for establishing Go.com. Go.com is a major Internet portal that combines Infoseek’s powerful search engine with content provided by Disney’s movie studio, theme parks, ABC television news and ESPN sports information. Burbank-based Disney is locked in a trademark infringement suit with Pasadena-based GoTo.com. A federal judge in Los Angeles this week refused a request by Disney to lift a preliminary injunction requiring the entertainment giant to stop using the logo on its Go Network sites. Disney shares were off 13 cents at $26 on the New York Stock Exchange. Infoseek shares rose $3 to $37.88 on Nasdaq.