Excite@Home files for bankruptcy
C|Net | at | by Mike
Excite@Home, the leading provider of broadband Internet access, said Friday that it will file for Chapter 11 bankruptcy protection and sell its high-speed network to AT&T for $307 million in cash. With the filing, Excite@Home becomes the latest Net highflier to seek bankruptcy court protection while it reorganizes its business. Just this week, Exodus Communications, a provider of Web-hosting services to thousands of companies, also filed for bankruptcy.