Feeds

Ask Jeeves if it ate Excite.com

The answer is yes, for $343m

  • alert
  • submit to reddit

Internet Security Threat Report 2014

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
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.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.