The internet investment firm headed by US media mogul Barry Diller is to buy web search engine Ask Jeeves for $1.85bn (£970m). Ask Jeeves is the fifth most-queried search engine in the US and has a market value of $1.43bn, one tenth the size of Mr Diller's IAC/InterActive. Mr Diller said Ask Jeeves "has the potential to become one of the great brands on the internet".
The deal reflects rising competition between rival internet search engines.
Wohoo, now that shows how heated the SE industry is gettin'! :shock: