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Yahoo Seals Inktomi Deal
By BusinessWeek Online
News Source
Article Date: 2003-03-20
The portal giant completes its purchase of Web search technology company Inktomi, highlighting an intent to boost its own flourishing search business.
Yahoo has completed its acquisition of Web search technology company Inktomi, highlighting the portal giant's intent to boost its own flourishing search business. With the acquisition, which closed Wednesday, each common share of Inktomi will be converted to $1.65 in cash paid by Yahoo. Wells Fargo Bank Minnesota, the paying agent, will mail documents for the trade-in next week.
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