Overture to Acquire FAST

  • February 25, 2003
Overture Services, Inc. yesterday announced that it has signed a definitive agreement to acquire the Web search unit of Norway-based Fast Search & Transfer, a developer of search and real-time filtering technologies, for $70 million in cash, as well as a performance-based cash incentive payment of up to $30 million over three years. The deal is expected to close by April.
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