p2pnet.net News:- IAC/InterActiveCorp says it’s buying Ask Jeeves for $1.85 billion in stock.

If it’s successful, it’ll “capitalize on explosive growth in the Internet advertising and search markets,” says Reuters, going on:

“The purchase will pit IAC against well capitalized Web search giants Google Inc and Yahoo Inc as well as new sector entrant Microsoft Corp at a time when Internet media companies are again selling for big price tags.”

IAC will integrate the Ask Jeeves search box and its Web search results on all of its IAC-owned sites such as Home Shopping Network, event ticket site Ticketmaster, online dating site Match.com, online mortgage provider LendingTree, and local business information provider CitySearch, says the story, adding:

“Ask Jeeves reaps nearly three-fourths of its revenue, which totaled $261.3 in 2004, from a paid-search advertising relationship with Google that runs through 2007. The company roughly doubled in size last year with its acquisition of Interactive Search Holdings for $501 million.”

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See:-
Reuters - IAC to Buy Ask Jeeves for $1.85 Bln, March 21, 2005

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