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Weekly News Digest

December 30, 2002 — 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.

Yahoo! to Acquire Inktomi

Yahoo! Inc. and Inktomi Corp. announced they have signed a definitive agreement under which Yahoo! will acquire Inktomi for a purchase price of approximately $235 million. The transaction is subject to customary closing conditions, including regulatory approval and the approval of Inktomi's stockholders. The companies expect to complete the transaction in the first quarter of 2003.

Inktomi recently sold its enterprise search software business to Verity in order to focus on Web search and its paid inclusion business [see the newsbreak by Avi Rappoport,]. Inktomi had also made "significant improvements" in its overall Web search capability, including increased relevance, a fresher and larger index, paid inclusion, the utilization of an XML interface and features targeted at understanding user intent for interactions on the Web. Inktomi had been a search provider for Yahoo! a few years ago, but Yahoo! has been using Google since 2000.

Source: Yahoo! Inc.

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