BT TO PAY USD10 MILLION FOR 50% STAKE IN EXCITE UK.

British Telecommunications (BT) announced on November 25 that it plans to purchase a 50% stake in Excite UK, the British subsidiary of the American Internet browser Excite, for 10 million dollars. BT claims the agreement will enable it to develop its interests in the area of Internet advertising and trading, two important sources of revenue from the Web. Excite UK will gain better access to one of the leading and indeed the most prosperous European. It will also be...