Excite UK goes under

[perkoch]

Some of us had actually hoped that Excite UK could save the old Excite search engine (although some would probably argue that there was not much to save).

No such luck. According to Reuters the owners have not found any buyers:

LONDON, Dec 17 (Reuters) - Web portal Excite UK is shutting down its operation and shedding its remaining 48 jobs after a last-ditch funding effort fell short, the company said on Monday.

The portal, a joint venture between the bankrupt American broadband provider Excite At Home Corp. (ATHMQ) and British Telecommunications (BT), had been looking for a strategic partner for the past few months as its business suffered from the online advertising slump.

"The decision to cease trading is both unavoidable and deeply regrettable," said Excite UK managing director Rebecca Miskin. "Our priority now is to our users and our employees and to ensure that the closure is managed in an orderly fashion."

The company said any money left over from the shutdown will be split between BTopenworld, which owns 42 percent of the venture, and Excite@Home, which is looking to conserve cash in advance of its planned shutdown in the United States at the end of February.

Source [money.iwon.com]

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(edited by: NFFC at 2:00 pm (gmt) on Dec. 31, 2001)

[Rumbas]

Good info Per.

Sad to see a once so popular search engine to down :(

Some more Excited threads:
[webmasterworld.com...]
[webmasterworld.com...]

[NFFC]

We regret to inform you that www.excite.co.uk is no longer available. You will be re-directed to Lycos.co.uk.

That took me by surprise!

[engine]

Yes, it's sad that no one looked close enough to see it was driving traffic of value, IMHO.

[webmasterworld.com...]