Ask Jeeves isn’t just sitting around, waiting for its own acquisition by IAC/ Interactive to be completed. The search company continues to grow, adding Excite Europe to the portfolio a year after acquiring Excite.com. Excite Italia operates Excite Europe. No financial details yet.
But, according to Italian news agency, Tiscali announced that the sale was for 6.1 million Euros (about $7.67 million)…more here…
Ask Jeeves CEO Steve Berkowitz calls it “a next step in Ask Jeeves’ European expansion strategy” that will accelerate the company’s Eurpoean “growth initiative.” Press release. Ask will get Excite domains across Europe an control of portals in Spain, Italy, France, UK, Germany, Austria and the Netherlands.
For Tiscali, this is part of the company’s strategy to focus the portal’s activities under the Tiscali brand and represents another step in the announced process of sale of non core assets.
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