Barry Buys a Butler
IAC is paying around $2 Bln for Ask Jeeves, and it seems that Barry Diller couldn't let Yahoo! grab the Monday morning headlines. Not to be outdone by Yahoo!'s announcement on Sunday that they had bought photo-sharing site Flickr, Diller is buying the butler-driven internet search engine Ask Jeeves.
The price reflects both a serious premium on the current Jeeves stock price and the current buying flury going on in the online search market. This latest buy follows on the heels of About.com aquisition by The New York Times.
IAC Offers $1.85 Bln for Ask Jeeves to Gain Web Advertising Bloomberg
IAC, Ask Jeeves confirm $1.85 bln deal MarketWatch
Ask Jeeves stock price
Google news search
Monday, March 21, 2005
 
 
 
 
  Comments:
|