plans to acquire search company AltaVista.
In a deal worth $140 Million, with $60 million to be paid in cash and $80 million in stock, Overture seems to be upping the stakes in search engine leadership.
AltaVista has long been one of Overture's top affiliate partners, and the acquisition will see
AltaVista continue to display Overture's paid search results to its users, as well as index-based AltaVista Pay-for-Inclusion (PFI) results.
Further details of the acquisition is to be finalised over the coming months
www.overture.com
www.altavista.com
www.altavista.co.uk
