Internet veteran AltaVista sold off

Discussion in 'Serious' started by GreatOldOne, 19 Feb 2003.

  1. GreatOldOne

    GreatOldOne Wannabe Martian

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    The internet veteran AltaVista has been sold to marketing firm Overture for $140m.

    AltaVista was once the most visited search engine on the internet, but failed to keep up with rivals such as Yahoo and Google, which is now the web's search engine leader.

    Internet investment fund CMGI, the majority owner of AltaVista, will receive $60m in cash and $80m in Overture shares.

    In 1998, CMGI paid about $2.4bn for AltaVista.


    http://news.bbc.co.uk/1/hi/business/2778519.stm
     

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