InterActiveCorp buys Ask Jeeves for $1.85 billionMon, Mar 21, 2005 - 7:32 AM
Looks like Ask Jeeves is being sold for a mere $1.85 billion dollar deal. Only time will tell it InterActiveCorp will be able to make it the next Google or Yahoo search engine.
“InterActiveCorp announced Monday that it has agreed to a $1.85 billion buyout of Ask Jeeves, a search engine that has long been overshadowed by Google and Yahoo. The New York-based Internet conglomerate, headed by media entrepreneur Barry Diller, said that 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. Founded in 1996, Ask Jeeves says it processes approximately 42 million unique queries generated by American Web surfers each month.”