InterActiveCorp pays $1.85 billion for Ask Jeeves |
This is boosting the price of Ask Jeeves stock (ASKJ) today (13.2% increase as of this writing over the close on Friday): 
InterActiveCorp has agreed to a $1.85 billion buyout of Ask Jeeves, a search engine that has long been overshadowed by Google and Yahoo. The 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.
Ask Jeeves is still considered by many to be an also-ran in the search game, but with the recent acquistion of the #1 online RSS aggregator, Bloglines, they could definitely be one to watch in the coming days.
Did this post make you go hmm?
(Hmm, no ratings yet)
Loading ...
[…] stock impact. Lately, the word “buy” seems synonomous with Ask Jeeves who was bought a month ago by InterActiveCorp for $1.85 billion. Nothing significant or new has happened to th […]
Pingback by Make You Go Hmm: » Ask Jeeves buys Excite Europe — May 21, 2005 @ 8:50 pm PST