Cybermeals signs $15.5 million deal with Excite

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Cybermeals inked an exclusive, four-year deal with search engine Excite. Under the terms of the deal, which begins in April, cybermeals will be the exclusive provider of takeout and delivery service on Excite. In return, cybermeals will pay Excite $15.5 million, plus a percentage of transaction revenues, determined from a set threshold. Excite will start offering the service through its Lifestyle, Shopping and Travel channels.

Copyright January 1998, Crain Communications Inc.

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