Information Industry–Yahoo
Information Industry–Inktomi
Yahoo! Acquires Inktomi
Yahoo pays $1.65/share (cash) for Inktomi. In early 2000, Inktomi was trading for over $230/share. From the announcement, “The addition of Inktomi’s search platform adds both control and flexibility to this important business, thus enhancing our ability to create new and more innovative search offerings for consumers and businesses.” -Terry Semel, Yahoo CEO. A few weeks ago Inktomi sold it’s enterprise search business to Verity. On the Yahoo! site, Google currently “powers” Yahoo’s search functionality and “fall-through” catalog. In October, 2002 Yahoo renewed it’s contract with Google to provide these services. However, the contact also also allows Yahoo! to use results from other providers. Let’s see how long it takes for Inktomi content and functionality to begin to be visible at Yahoo.
See Also: A Few Additional Details in this New York Times Article

This entry was posted on Monday, December 23rd, 2002 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.