Tuesday, March 22, 2005

Fixer-Upper Butler

Google may well have started a search engine gold rush. Barry Diller's in for a real fixer-upper with Jeeves, though.


IAC in $1.85 Bln Deal for Ask Jeeves

Mar 21, 2005 — PHILADELPHIA (Reuters) - Internet conglomerate IAC/InterActiveCorp on Monday said it would buy Web search engine Ask Jeeves Inc. for $1.85 billion to capitalize on growth in the Internet advertising and search markets.

The purchase will pit IAC more squarely against Web search giants Google Inc. , Yahoo Inc. and Microsoft Corp. at a time when Internet media companies are again selling at steep valuations.

Read on here.

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