Feeds

Compaq flogs AltaVista for $2.3 billion

Lycos investor steps in to claim lion's share as IPO plans become a distant memory

  • alert
  • submit to reddit

3 Big data security analytics techniques

Compaq has confirmed that it has sold its AltaVista division to investment house CMGI. The deal was done by way of a stock swap, valuing the former Digital search engine business at $2.7 billion, the deal itself being worth some $2.3 billion CMGI gets 83 per cent of AltaVista and, by turn, Compaq ends up with a 16.4 per cent stake in CMGI - which owns 18 per cent of Lycos, one of AltaVista rivals. Which, in a roundabout kind of way, gives Compaq an interest in Lycos. Do try and keep up. The IT industry is nothing if it isn’t incestuous. Compaq gets 19 million common shares and preferred shares equal to 1.8 million common shares in CMGI, which will issue a $220 million three-year note to Compaq. The PC giant will also take a seat on CMGI's board of directors. Also included in the deal are Shopping.Com – which Compaq bought to add to AltaVistas resale value - and Zip2. ® See earlier stories: Compaq to sell AltaVista to investment house Lycos/USA Networks merger collapses

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.