TechnologyExcite UK joins the flop.coms

Excite UK joins the flop.coms

Web portal Excite UK is the latest to join a long list of flop.coms after announcing that it could not find eleventh hour funding to save it from collapse.

A joint venture between BT and the beleaguered US broadband supplier Excite@home, the portal had been looking for another partner for months, but its failure to secure help, and a slump in advertising revenue, has meant that the company will close with the loss of more than 48 jobs.

Managing director Rebecca Miskin explained that the decision to close was regrettable but unavoidable.

‘Our priority is now our users and our employees to ensure that the closure is managed in an orderly fashion,’ she said.

Money left over from the closure will be split between BT Openworld and Excite@home, which has announced that it will be shedding 400 jobs in the US.

Links

Click here for the latest e-business news

Related Articles

HMRC outlines points-based penalty model for MTD

MTD HMRC outlines points-based penalty model for MTD

4d Alia Shoaib, Reporter
GDPR: How legitimate are your legitimate interests?

Regulation GDPR: How legitimate are your legitimate interests?

1w Ian Singer, PKF Littlejohn
Viewpoint: Making Tax Digital is not all doom and gloom

Making Tax Digital Viewpoint: Making Tax Digital is not all doom and gloom

2w Brian Palmer, AAT
Treasury cracks down on Bitcoin amid tax evasion concerns

Regulation Treasury cracks down on Bitcoin amid tax evasion concerns

2w Alia Shoaib, Reporter
AVADO wins award for online ACCA courses

Career AVADO wins award for online ACCA courses

2w Alia Shoaib, Reporter
The role of the accountant as productivity and technology leader

Technology The role of the accountant as productivity and technology leader

2w Receipt Bank | Sponsored
Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

3w Pegasus Software | Sponsored
How to get your clients ready for the cloud

Cloud How to get your clients ready for the cloud

3w Sage | Sponsored