Bows to the inevitable...
By John Oates, 13 November 2001 15:55
NEWS Excite UK has confirmed that it will have to close down if it doesn't find a buyer by the end of the year. Employees of the portal have been informed. A spokesman for Excite UK said: "We've had some informal discussions but nothing has come of them so far. We're an old, established brand but are still dipping in and out of profit." Excite was a joint-venture set up by US parent Excite@home and BT. BT invested £6m.
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