Previous Thread
Next Thread
Print Thread
Rate Thread
Joined: Jun 2003
Posts: 807
Likes: 2
G
Ghost Offline OP
UGN Super Poster
OP Offline
UGN Super Poster
G
Joined: Jun 2003
Posts: 807
Likes: 2
AC/InterActiveCorp, the Internet company headed by Barry Diller, is close to an agreement to acquire Ask Jeeves, the nation's fourth-largest search engine company, for about $1.9 billion, according to an executive involved in the negotiations.

An announcement could be made as early as Monday.

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 Diller's company appears to be trying to tap into a market dominated by Google and Yahoo.

Most of Ask Jeeves' revenue comes from advertising that appears on its sites through a contract with Google. That contract runs through 2007.

Fourth-quarter profits and revenue at Ask Jeeves, whose brands include Ask.com, Excite.com and iWon.com more than doubled. Net income rose to $17.5 million, and revenue rose to $86.1 million from $31.8 million a year earlier.


IAC/InterActive has 44 million visitors a month to its various sites. 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.

As an example, CitySearch customers can specify a certain kind of restaurant, and choose from a list of neighborhoods in the city they have chosen.

IAC/InterActive is expected to acquire Ask Jeeves in a stock transaction, exchanging shares in IAC/InterActive for shares in Ask Jeeves then buying 60 percent of the just-issued IAC/InterActive shares back for about $1.2 billion.

Ask Jeeves closed Friday at $24.24 a share, and IAC closed at $22.29. The bankers in the deal are J.P. Morgan, Allen & Company and Citibank. Ask Jeeves bills itself as an English-language friendly Web site that encourages users to formulate searches in question form.

Entire contents, Copyright � 2005 The New York Times. All rights reserved.

Source

Joined: Feb 2002
Posts: 7,203
Likes: 11
Community Owner
Offline
Community Owner
Joined: Feb 2002
Posts: 7,203
Likes: 11
Ya know Ghost, as it's posted for dicussion you don't need to post the copyright...

See Section 107 of the U.S. Copyright Act of 1976 (links in the footer).


Donate to UGN Security here.
UGN Security, Back of the Web, and VNC Web Services Owner

Link Copied to Clipboard
Member Spotlight
Posts: 30
Joined: June 2002
Forum Statistics
Forums41
Topics33,840
Posts68,858
Average Daily Posts1
Members2,176
Most Online3,253
Jan 13th, 2020
Latest Postings
Where and how do you torrent?
by danni75 - 03/01/24 05:58 AM
Animation,
by JohanKaariainen - 08/15/19 01:18 AM
Blackbeard.....
by Gremelin - 10/03/18 07:02 PM
my old account still exists!
by Crime - 08/10/18 02:47 PM
Okay WTF?
by HenryMiring - 09/27/17 01:45 AM
The History Thread...
by Gremelin - 08/11/17 12:11 PM
My friend NEEDS your HELP!
by Lena01 - 07/21/17 12:06 AM
I'm having fun with this guy.
by gabithompson730 - 07/20/17 01:50 AM
I want to upgrade my phone
by gabithompson730 - 07/20/17 01:49 AM
Doom 3
by Cyrez - 09/11/14 08:58 PM
Amazon Gift Card Generator/KeyGen?te
by Gecko666 - 08/22/14 09:21 AM
AIM scene 99-03
by lavos - 09/02/13 08:06 AM
Planetside 2
by Crime - 03/04/13 07:10 AM
Beta Testers Wanted
by Crime - 03/04/13 06:55 AM
Hello Everyone
by Gremelin - 02/12/12 06:01 PM
Tracfone ESN Generator
by Zanvin Green - 01/18/12 01:31 PM
Python 3 issue
by Testing - 12/17/11 09:28 PM
tracfone airtime
by Drache86 - 07/30/11 03:37 AM
Backdoors and the Infinite
by ZeroCoolStar - 07/10/11 03:52 AM
HackThisZIne #12 Releaseed!
by Pipat2 - 04/28/11 09:20 PM
gang wars? l33t-wars?
by Gremelin - 04/28/11 05:56 AM
Consolidate Forums
by diggin2deep - 04/21/11 10:02 AM
LAN Hacking Noob
by Gremelin - 03/12/11 12:42 AM
Top Posters
UGN Security 41,392
Gremelin 7,203
§intå× 3,255
SilentRage 1,273
Ice 1,146
pergesu 1,136
Infinite 1,041
jonconley 955
Girlie 908
unreal 860
Top Likes Received
Ghost 2
Crime 1
Ice 1
Dartur 1
Cyrez 1
Powered by UBB.threads™ PHP Forum Software 7.7.5