1.
Companies team for technologies
PHILADELPHIA, March 21 (UPI) -- Philadelphia-based IAC/InterActiveCorp may acquire Ask Jeeves, the fifth-largest search engine firm, for $1.9 billion, the New York Times reported Monday.
Other reports said Monday the Internet company, headed by Barry Diller, confirmed its interest in Ask Jeeves.
The acquisition is expected to be a stock transaction, the Times said.
IAC/InterActive owns a variety of Internet businesses. Its principle holdings are Expedia, Ticketmaster, Home Shopping Network, Match.com and CitySearch.
The interest stems from the fact that advertising on search sites is rapidly growing and Diller's firm wants to tap into a market dominated by Google and Yahoo.
Ask Jeeves's revenue mostly derive from advertising on its sites through a contract with Google, which expires in 2007. Ask Jeeves' fourth quarter earnings rose to $17.5 million on revenues of $86.1 million,
IAC/InterActive is expected to acquire Ask Jeeves in a stock transaction, the Times said.
|
|
|
|
|
|
| Additional Business News Stories | |
ASHGABAT, Turkmenistan, May 23 (UPI) --
The signing of a deal for a multilateral natural gas pipeline from Turkmenistan is a milestone in regional economic affairs, an Indian minister said.
|
WASHINGTON, May 22 (UPI) --
A U.S. Senate committee report has revived controversy over alleged counterfeit Chinese electronic components entering U.S.-made defense equipment and weapons.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
