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Inktomi To Be Bought by Yahoo!

Both Yahoo! and Inktomi announced today that "they have signed a definitive agreement under which Yahoo! will acquire Inktomi for a purchase price of $1.65 per share in cash. The transaction reflects an aggregate purchase price of approximately $235 million." So at last, Yahoo! will finally have their own search engine, even though Yahoo! still is using Google (and has been reported to have a 5% stake in Google). The search engine industry sure sees some strange partnerships. Now we will have Yahoo! providing MSN with its search engine results (Inktomi) and Google providing Yahoo!. We will have to wait and see how this all may change in the future.

By Greg R. Notess. Dated Dec 23, 2002 in Inktomi | Yahoo!

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