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Barry Diller's IAC Buys Search Engine Ask Jeeves for $1.85 Billion

Authored by Mark Hefflinger on March 21, 2005 - 10:02am.
New York -- IAC/InterActiveCorp, the company headed by Barry Diller that owns Expedia, Ticketmaster, Citysearch, Match.com and the Home Shopping Network, announced on Monday that it has agreed to acquire Internet search engine Ask Jeeves, the ninth-largest global Web property, for $1.85 billion in cash. IAC said it plans to integrate its brands into Ask Jeeves' search service, which was launched in 1996 and allows users to enter questions in plain-English as search queries. "We believe that in the future [Ask Jeeves] has the potential to become one of the great brands on the Internet and beyond, and by beyond we mean in wireless, in the search for anything on any device," said IAC chairman and CEO Barry Diller. Oakland, Calif.-based Ask Jeeves reported $261.3 million in revenue for 2004, largely resulting from its share of revenues from a paid search ad service provided by Google.
http://biz.yahoo.com/prnews/050321/nym118_27.html
http://biz.yahoo.com/rb/050321/tech_askjeeves_iaci_5.html 
http://www.ask.com 

tags: Deals | Internet | IAC | Ask Jeeves | Barry Diller |



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