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Excite Italia Acquired by Ask Jeeves

Excite Italia is now officially part of Ask Jeeves Inc. Tiscali, a major European Internet Company, had acquired 70% of Excite Italia in March 2001, and purchased the residual 30% in April 2002.

The value of the acquisition is estimated to be € 10 million. The disposal of Excite Italia is yet another step of Tiscali in their consolidation and focus on core business.

Ask Jeeves acquires Excite Italia and by doing so expands into Europe, adding an estimated 3 million users per month. Ask Jeeves owns the Excite trade mark worldwide, but so far was not present in Europe.

Wall Street Italia

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Sante J. Achille

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