News Burst: BT buys into Excite

BT has announced that it intends to buy a 50 per cent share in Excite Inc. subsidiary, Excite UK.

George Bell, CEO of Excite Inc, said: "Our joint venture with BT continues our international strategy of choosing the best local partner in each market where we want to establish our business."

BT's $10m (£6.1m) investment in the subsidiary is further evidence of BT's efforts to boost its presence in popular Internet portals.