Excite Leads: WEBDEX Up 7.6% On Deals
Page 1 of 1
Also, the Web guide site signed an agreement with Schwab and Quicken.com to pump up its investment area. And Excite turned on the lights at its new express shopping service, with an aim to grab a big piece of the holiday shopping frenzy. Taken together, the news puts Excite on track for e-tail and investing.
GeoCities (NASDAQ:GCTY) comes in second this week, with its $31 million agreement to acquire Webring ($29M stock, $2M cash). Webring is what we call a user-perpetuated community based on topics. For example, football fans who want to share links between respective sites and who want to interact among themselves.
We poked over Webring a while ago and think its concept shows promise and fits with GeoCities' community model well. There's still some work to be done on its business model we suspect, however.
Netscape.com (NASDAQ:NSCP) wins the award for most interesting deal of the week: a $95 million stock buy of AtWeb, a Web service aimed at helping small businesses get on and manage Web sites.