InfoSpace Trying To Buy Excite

from the pennies-on-the-dollar dept

Just a few years after @Home bought for $7.8 billion, the (now bankrupt) company is trying to pawn off the portal side of the business to InfoSpace for only $10 million. It’s a slightly more complicated deal than that, though. InfoSpace will then immediately pass the Excite portal off to iWon, who will fold it into their portal for suckers. InfoSpace will get to run the search and directory services for the site. As far as I can tell this sounds as though InfoSpace is paying $10 million just to get a new customer. Seems a bit strange.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...