Saturday, 22. February 2003

AltaVista sold for $235m


Advertising-driven search engine Overture Services announced it will buy fallen Internet star AltaVista for $US140 million ($235.5 million), upping the stakes in a quest for search engine supremacy.

Overture will pay $60 million in cash and $80 million in stock for AltaVista, which introduced a pioneering search engine in 1995.

¬> news.com.au

... Comment