InterActiveCorp buys Ask Jeeves for $1.85 billion |
CNET News.com: "InterActiveCorp has agreed to a $1.85 billion buyout of Ask Jeeves, a search engine that has long been overshadowed by Google and Yahoo.Barry Diller,CEO, InterActiveCorpThe Internet conglomerate, which is headed by media entrepreneur Barry Diller, said Monday it is hoping to move aggressively into the Web search market through the deal and pointed to growth in the online advertising market as another major incentive in making the acquisition...
The buyout comes during a period of intense activity across the search market, as the leading players have been aggressively expanding their efforts around emerging business models and trends in the sector, including local search, blogs and sponsored advertising."
posted by Jen @ 5:00 AM
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