Search Engine News Blog Headline

24 December 2002

Yahoo Puts Inktomi Under Their Christmas Tree

Yahoo has surprised everyone today by announcing that they plan to purchase troubled search company Inktomi.

The two firms have signed an agreement that will see Yahoo acquire Inktomi for a price of $1.65 per share in cash, making a total purchase price of approximately $235 million, adjusted for Inktomi's expected debt balance at the end of the calendar year.

>> "Yahoo!'s vast reach and its unmatched breadth and depth of services, combined with Inktomi's outstanding engineering expertise and leading search technology, will help us achieve our goal of providing users with the most comprehensive, relevant and highest quality search solutions on the Web," said Terry Semel, Yahoo! chairman and CEO.

No word yet on how this will impact Inktomi's relationship with MSN (who currently use Inktomi for secondary search results) or the Inktomi Paid Inclusion program, but no doubt it will be significant.

Just when you think you're getting a handle on this search game, the goal posts shift again...

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