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In 1997, Larry Page, considered one of Google co-founders, needed to promote the search engine to Excite for $1.6 million: $600k in money, $700k in inventory and $300k for Stanford. This was on the very early levels, Google was often called BackRub on the time, and the deal clearly did not occur, although the rationale why varies relying on who you ask.
In an interview years after the failed negotiations, then CEO of Excite George Bell stated the corporate was comfy with spending that sum of money on Google, however as an alternative could not comply with Page’s insistence on having Excite’s know-how utterly changed by Google’s.
Although Bell has refuted the claims, different takes on how that deal by no means occurred say that Excite was intimidated by Google’s superiority and declined the acquisition as a result of its search outcomes have been “too good,” suggesting that it would finally reduce person exercise and consequently advert income as folks spent much less time on the positioning.
Excite was a really recognizable model of the early net, it was already a public firm within the late Nineteen Nineties and in accordance with some metrics, the sixth most visited web site in 1997. Today the web site is merely a shadow of its former self. The net portal obtained merged into Ask Jeeves and stays to be operated by media firm IAC.