Yahoo! To Acquire Overture For $1.6 Billion
from the search-consolidation-continues... dept
The massive consolidation in the search space continues. Following a deal last year for Yahoo to buy Inktomi, as well as deals earlier this year for Overture to buy AltaVista and AllTheWeb, it was clear that the search space was converging. Combined with recent stories about Microsoft gearing up to enter the search space (and making an offer that was turned down to buy Google) you knew that it was going to continue. The latest (big) move is that Yahoo has agreed to buy Overture for $1.63 billion dollars. Clearly, this brings them one step closer to ending their deal with Google. However, I also wonder if it ends up harming Overture in the long run. Some other web properties may be much less inclined to work with Overture with Yahoo as their parent if they, in any way, compete with Yahoo. Still, it appears that the search world is far from done shaking itself up, and there are likely to be more deals following this one.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
