The New York Times > Business > Ask Jeeves Inc. to Be Bought for $2 Billion
InterActiveCorp (IAC) is the owner of websites like Expedia, Ticketmaster, Home Shopping Network, Match.com and CitySearch. Now they can add in all of the Ask Jeeves sites. IAC purchased AskJeeves for just under $2 billion. This might give AskJeeves the boost it needs to wrestle with the big boys, Google, Yahoo and MSN.
IAC/InterActive owns a variety of Internet businesses. Its principle holdings are Expedia, Ticketmaster, Home Shopping Network, Match.com and CitySearch. Advertising spending on search sites is rapidly growing and Mr. Diller’s company appears to be trying to tap into a market dominated by Google and Yahoo…CitySearch, one of its holdings, is a network of city guides that provide information on restaurants, bars and events in different cities. By marrying a local-search business with a global search engine, Interactive hopes to benefit from further growth in targeted keyword advertising, the executive involved in the deal said.(NYT)
This should be an interesting story to follow.
The New York Times > Business > Ask Jeeves Inc. to Be Bought for $2 Billion
