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Weekly News Digest

March 28, 2005 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

CLICK HERE to view more Weekly News Digest items.

IAC/InterActiveCorp Bids for Ask Jeeves

New York-based IAC/InterActiveCorp (http://www.iac.com), led by chairman and CEO Barry Diller, has bid to acquire Ask Jeeves, Inc. (http://www.ask.com) for $1.85 billion in stock. The deal is expected to close late in the second quarter or early in the third quarter of 2005, pending the usual approvals. Ask Jeeves will remain an independent brand with operations headquartered in Oakland, Calif., and Steve Berkowitz will continue as Ask Jeeves' CEO.

Ask Jeeves owns the Ask.com search engine, Excite, search/marketing site iWon.com, MyWay.com, and the recently acquired aggregation service Bloglines. Ask Jeeves also owns the Teoma search technology, as well as natural language processing, portal, and ad-serving technologies.

IAC operates more than 40 specialized consumer brands in the travel, retailing, ticketing, personals, media, financial services, real estate, and teleservices industries. (It is in the process of spinning off its travel businesses.) IAC owns sites like Expedia, Hotels.com, Ticketmaster, CitySearch, Match.com, and cable channels like the Home Shopping Network. IAC said it will differentiate Ask Jeeves by emphasizing local and shopping search. The company said it will "promote the Ask Jeeves search box on every IAC site, exposing 44 million unique users per month to the Ask Jeeves brand."

Sources: IAC/InterActiveCorp



Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli
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