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IAC to Buy Ask Jeeves for $1.85B

IAC/InterActiveCorp agreed to acquire Ask Jeeves for $1.85 billion in stock in a blockbuster search engine deal that solidifies the e-commerce player's footing in the online advertising and search market. One of the largest generators of online advertising, Ask Jeeves counts roughly 42 million U.S. users per month, making it an attractive target for a company that wants to become a major player in Internet advertising.

Read the whole story at ClickZ, March 21, 2005 »

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