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Closing the deal

Yahoo completes its acquisition of GeoCities, and @Home buys out Excite on the same day.

 

  latest developments 

Yahoo completes its acquisition of GeoCities, and @Home buys out Excite on the same day. A notable difference: Yahoo will lay off a substantial number of GeoCities employees, while @Home's chief executive has sworn against sweeping layoffs.

"The merger...will revolutionize the way consumers view and interact with communication, information, and entertainment services."

- Tom Jermoluk, chief executive, Excite@Home

 


Yahoo completes GeoCities acquisition
update Yahoo completes its acquisition of community site GeoCities to boost its community offerings and lays off about 200 GeoCities employees.

@Home-Excite merger a done deal
@Home Network completes its $7.2 billion buyout of Excite the same day that Yahoo gobbles up GeoCities.

@Home: No layoffs after Excite deal done
@Home Network chief executive Tom Jermoluk rules out layoffs following his company's acquisition of Excite and details the top management structure of the combined company.

Deep GeoCities cuts to follow Yahoo merger
More than half of GeoCities' roughly 300 employees have been notified they will be laid off once shareholders approve Yahoo's bid to acquire the company, sources say.