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REDWOOD CITY, Calif. — Excite@Home will eliminate about 500 jobs and close its MathLogic unit as it struggles to remain liquid.
The online-service provider said Tuesday it expects additional funding or further financial restructuring will be necessary to continue as a going concern.
Excite (ATHM) will cut staff over the next three months and MatchLogic, Westminster, Colo., will begin winding down operations. MatchLogic, Excite’s marketing services subsidiary, should close by the end of the year.
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