On the front page of this morning’s Wall Street Journal, in the “What’s News” section, it says, “Yahoo agreed to buy Internet search pioneer Inktomi for about $235 million as part of an effort to expand its revenue sources.”
It’s noteworthy that the news appeared on the front page of the Journal. It has been some time since one of the major search engines made such a news splash. A quick search of Yahoo!’s press releases confirms that Yahoo! made the announcement on December 23. Noone at Yahoo or Inktomi is commenting yet on how the deal will impact that visitor’s experience on Yahoo.com. We’ll dig that up in the next few weeks. In the meantime, read the press release.
YAHOO! TO ACQUIRE INKTOMI
Dec. 23, 2002
Yahoo! Inc. (Nasdaq:YHOO – News)