SAN FRANCISCO, USA: Yahoo Inc is shutting down GeoCities, a free service that hosts personal home pages for consumers, which it acquired for more than $4 billion 10 years ago during the heyday of the dotcom boom.

A posting on a Yahoo Help page for GeoCities on Thursday said the service was no longer accepting new customers and that it will be closing later this year, with more details about how individuals can save their data coming this summer.

The move comes a few days after Yahoo said it would lay off nearly 700 workers, or 5 percent of its workforce.

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