Ask is buying the company which owns Excite, along with iWon and a few other sites.
Ask Jeeves Inc. will buy the privately owned Interactive Search Holdings Inc. (ISH) for about $343 million in a move that the Emeryville, California, company expects will double its search market share, it announced Thursday.
Very interesting….Ask will have 7% share if the deal goes through…
The market LOVES this deal, its stock is up 31% as of this writing.
(Ask’s press release)