Feeds

Ask Jeeves if it ate Excite.com

The answer is yes, for $343m

  • alert
  • submit to reddit

Remote control for virtualized desktops

Ask Jeeves is shelling out around $343m in cash and shares to acquire privately-held online search and media company Excite.com's owner, Interactive Search Holdings. It will issue 9.3 million shares of common stock and options, and $150m in cash - a purchase price of $343m based on Ask Jeeves' closing price on 3 March.

With a stable of companies including My Way, My Search, My Web Search, iWon, Excite and the MaxOnline advertising network, Interactive Search Holdings was ranked as the 9th most visited US property on the Web in December 2003.

The acquisition doubles Ask Jeeves' market share and means the enlarged group should be better placed to cash in on more traffic and advertising. The newly enlarged group is expected to generate revenues of between $220m to $230m.

Following completion of the acquisition, Interactive Search Holdings will become a wholly-owned subsidiary of Ask Jeeves. It operations will remain in Irvington, New York. ®

Choosing a cloud hosting partner with confidence

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.