Ask Jeeves bought for $1.85 billion

Posted on Monday, March 21 2005 @ 18:16 CET by Thomas De Maesschalck

InterActiveCorp has acquired search engine Ask Jeeves for $1.85 billion.

CEO, InterActiverCorpThe Internet conglomerate, which is headed by media entrepreneur Barry Diller, said Monday 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.

Read the full article at Cnet

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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