Ask Jeeves neemt Excite over

Ask Jeeves acquires Interactive Search Holdings

[Update] Ask Jeeves, a provider of Web-wide search, has signed a definitive agreement to acquire Interactive Search Holdings, the owner of Excite and iWon, for USD 343 million (EUR 284.12 million). Under the terms of the agreement, Ask Jeeves will issue 9.3 million shares of common stock and options and pay USD 150 million in cash. In addition, Ask Jeeves may pay up to an additional USD 17.5 million in cash based on various factors including Interactive Search Holdings' operating performance.