Notch 'can do' $13 million for Psychonauts 2
Shack Giveaway: Mighty Switch Force (3DS)
Tales from Space: Mutant Blobs Attack preview
Alan Wake 2 would be 'much quicker' than first game, says Remedy
Darksiders 2 releases June 26, pre-order bonuses announced
Excite@Home Files For Bankruptcy
by Maarten Goldstein, Sep 29, 2001 6:30am PDTWhat was expected for a while now, has happened. Excite@Home has filed for bankrupcty. It's also selling its network to AT&T (which was already a majority owner) for $307 million. Most likely customers should not have any interruption in service.
"This filing is a tool to protect the value of the broadband business for the benefit of the company's financial stakeholders and will help reassure our customers that service will continue uninterrupted through the restructuring process," Patti Hart, Excite@Home chairman and chief executive, said in a statement. "AT&T's offer reflects the value in our network, services, customer base and skilled employees."In related news, AT&T and Comcast have signed a confidentiality agreement which creates possibilities for further discussion on Comcast's $37.8 billion bid on AT&T Broadband. AT&T isn't really convinced yet at this point that $37.8 billion is enough but there are no companies coming up with any better offers.
Comments