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Scoot.com has one month to live
Oh for a cash injection...

By Aled Herbert

Published: Friday 27 July 2001

UK online directory firm Scoot.com has admitted it has only a month to live unless it receives further funding.

The company has also sold its 50 per cent stake in Scoot Europe to partner Vivendi Universal for E1 (62p).

Scoot.com's shares have plunged more than 66 per cent in the last month after news of its cash problems surfaced.

Scoot.com announced it was cutting 285 jobs in June, lost its CEO and abandoned European expansion plans to focus on its UK operations.