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Excite to Invest in Tickets.com

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Excite@Home, which runs the sixth-most-popular portal on the Internet, will announce today that it will invest $55 million in Tickets.com, an online provider of tickets for sports and entertainment events. Along with Excite’s investment, Cox Interactive Media will announce today that it will invest $30 million in the Newport Beach-based company, which is trying to challenge Ticketmaster Corp. for supremacy in the online ticketing arena. Ticketmaster sued Tickets.com in U.S. District Court in July, accusing the firm of plagiarism, providing false and misleading information and illegally linking to Ticketmaster’s Web pages. Tickets.com has denied the accusations. Excite@Home shares rose $1.06 to close at $38.06 on Nasdaq.

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