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The all-star list of Divine Interventures backers
has added a real All-Star.
Michael Jordan is joining Microsoft Corp., Dell Computer Corp. and CMGI Inc.
on the board of directors of Divine, a Lisle-based operating company that
invests in Internet-related businesses.
A press release from Jordan's Jump Inc. said the former Chicago Bull will
work with Divine on "showcasing regional emerging business
initiatives" and efforts to bridge the digital divide between technology
haves and have-nots.
The release didn't say whether Jordan invested in Divine. A spokesman for
Jordan at SFX Entertainment Inc. in Washington couldn't be reached for comment.
"At this stage in my life, as I transition from a professional athlete
to business and family, I want to be at the forefront of the growth of the new
economy," Jordan said in the release. "In evaluating new business
ventures, I was looking for the right combination of a technology company with a
community conscience. By joining the Divine team, I will be able to enhance my
understanding of this space and will be able to impact others, particularly
kids, to play a key role in the evolution of this exciting new world."
This is the second Chicago-area Internet venture to get Jordan's name behind
it. Jordan, who is president of basketball operations for the Washington
Wizards, also is backing on-line sporting goods retailer MVP.com, as are
football star John Elway and hockey great Wayne Gretzky.
Divine, which is headed by Andrew "Flip" Filipowski, the former
chief executive of Platinum Technology Inc., plans to invest in on-line
business-to-business companies and Internet infrastructure firms. A spokeswoman
from Divine declined to comment on the announcement because of the quiet period
associated with the company's coming initial public offering.
Divine hopes to raise as much as $460 million in the offering, which will
likely take place in April.