Type of site | Portal |
|---|---|
| Owner | Hachette Rusconi S.p.A. |
| URL | http://www.CiaoWeb.it/ |
| Registration | 1999 |
| Launched | 18 December 1999 |
| Current status | Not Active |
CiaoWeb was an Italian web portal started up by the FIAT Group with an initial investment of 200 billion Italian lira (100 million euro). [1] The project for the development of the portal had been assigned to a group of companies under the control of Ernst & Young and under the responsibility of Alessandro Gadotti, then partner at Ernst & Young. [2] Paolo Ceretti from IFIL then took over as CEO, and Nino Olivotto as CTO.
The original project was a mix of editorial content and e-commerce based on the potential synergies between the companies of the FIAT Group (La Stampa, Alpitour, Ferrari, etc.). [3]
In 2000, CiaoWeb became the sponsor of the football team Juventus. [4]
CiaoWeb did not survive the new economy crisis in 2001, [5] and was sold to Hachette Rusconi Interactif (HRI), [6] [7] later on sold to Hearst.