Overture To Acquire Web Search Unit Of Norway's FAST
Pasadena, Calif. -- Overture Services, a provider of pay-for-performance searches for websites, said on Tuesday that it will acquire the Web search unit of Norway-based Fast Search & Transfer (FAST), for $70 million in cash, as well as a performance-based cash incentive payment of up to $30 million over three years. The deal, combined with Overture's previously announced plans to purchase AltaVista, bolsters Overture's position in the commercial search market.
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