NEW YORK: IAC/InterActiveCorp, an Internet conglomerate run by media mogul Barry Diller, is near a deal to buy web-search service Ask Jeeves Inc, sources familiar with the matter said.
The Wall Street Journal, which first reported the deal, said IAC would pay US$2bil in stock, a 40% premium to Ask Jeeves’ market capitalisation on Friday. Neither Ask Jeeves nor IAC, however, were immediately available for comment.
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