Feeds

Ask Jeeves if it's been bought

Big numbers for just another search engine

  • alert
  • submit to reddit

Remote control for virtualized desktops

Barry Diller's InterActive Corp (IAC) is buying Ask Jeeves for almost $2bn.

IAC owns assorted web properties including CitySearch, Expedia, TicketMaster, dating site Match.com and the Home Shopping Network. The buy shows that search sites are still attracting investors. Microsoft recently followed Google and Yahoo into paid-for-search advertising.

IAC runs CitySearch which offers localised search results for businesses, bars, cinemas and restaurants.

Ask Jeeves brought in revenue of $86m in the last quarter of 2004 and income of $17.5m. IAC will buy the search engine using shares which it will then buy back, according to anonymous executives quoted by the New York Times. Official confirmation is expected this week.

Ask Jeeves owns ask.com, Bloglines and Excite. Ask Jeeves is the seventh most popular search site in the UK with 1.9 per cent of total searches, Google is a long way in front with 63 per cent. Figures from Hitwise.®

Related stories

NY Times buys About.com for $410m cash
Ask Jeeves if it'll buy Bloglines
Ask Jeeves profit rise leaves market cold

Internet Security Threat Report 2014

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
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.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.