Agreement to buy overture

[hassen1]

Yahoo has announced an agreement to buy Overture, in a cash-and-stock deal valued at $1.6 billion. The purchase is expected to close by the end of the year.

The planned acquisition is the latest in a series of search consolidations that have happened over the past few months. In March, Yahoo completed its acquisition of Inktomi. In April, Overture completed its purchases of AltaVista and AllTheWeb.

[maggots]

it's a brilliant buy by Yahoo i think, after the purchase, yahoo is definitely making good progress in the long battle with google