IAC To Buy Ask Jeeves For US$1.85 billion

March 22nd, 2005 • Related • Filed Under

Media conglomerate IAC/InterActiveCorp agreed Monday to buy search and portal Web site operator Ask Jeeves Inc. in a stock-swap deal the companies valued at around US$1.85 billion.

AC Chairman and Chief Executive Officer (CEO) Barry Diller said he sees Ask Jeeves as a company with “the potential to become one of the great brands on the Internet.” IAC, citing comScore’s Media Metrix, estimates that Ask Jeeves draws 42 million unique monthly users in the U.S., while its own Web sites collectively attract 44 million.

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Everton is based in London and has worked in the internet and mobile space for over ten years now, and before that worked in corporate strategy and consulting. He has a degree in Economics from Cambridge University, and currently runs the Portal and online operations for one of the largest ISPs in the UK. He also writes for Windows 7 News.

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