InterActiveCorp to Buy Ask Jeeves for $1.9 BillionZDNet and the Wall Street Journal are reporting that IAC will today announce the acquisition of Ask Jeeves in a deal worth $1.9 billion. IAC/InterActive owns a variety of internet businesses.
- According to the WSJ, the deal could be announced as early as today. However, "exact details of the deal weren't available...and the transaction could still fall apart at the last minute."
- Officials for AJ and IAC are not commenting.
- Other IAC/InterActiveCorp properties include Expedia, CitySearch*, Ticketmaster, eVite, and Match.com.
- Ask Jeeves Local launched last year is powered with data from IAC's CitySearch.
Most of Ask Jeeves' revenue comes from advertising that appears on its sites through a contract with Google. Fourth-quarter profits and revenue at Ask Jeeves
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
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.IAC close to USD 1.9 bln to buy Ask Jeeves Telecom Paper (subscription)Diller 'near to' Ask Jeeves buy BBC NewsLos Angeles Times (subscription) - Boston Globe - New York Times - Financial Times - all 19 related »
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