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California-Based Overture Services to Acquire AltaVista for $140 Million.

Knight Ridder/Tribune Business News

| February 19, 2003 | COPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Mary Anne Ostrom, San Jose Mercury News, Calif. Knight Ridder/Tribune Business News

Feb. 19--Web search pioneer AltaVista is being acquired by Overture Services, the fast-growing Internet company that provides search-related advertisements to some of the world's largest portals, including Yahoo and MSN.

Under the deal announced Tuesday, Overture, based in Pasadena, will pay $140 million in cash and stock for AltaVista, the once-hot Palo Alto search engine firm.

The move, coming on the heels of Yahoo's $235 million purchase last month of AltaVista rival Inktomi, signals an increased focus by surviving Internet companies on the lucrative business of using search…

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Source: HighBeam Research, California-Based Overture Services to Acquire AltaVista for $140...

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