Yahoo Buying Inktomi

Will this impact on our mate google? Of course not! GOOGLE IS INVINCIBLE!

"Yahoo! Inc., a leading global Internet company, and Inktomi Corp., a leading Web search provider, today announced they have signed a definitive agreement under which Yahoo! will acquire Inktomi for a purchase price of $1.65 per share in cash. The transaction reflects an aggregate purchase price of approximately $235 million, adjusted for Inktomi's expected cash balance net of debt, as of December 31, 2002.

"Yahoo!'s vast reach and its unmatched breadth and depth of services, combined with Inktomi's outstanding engineering expertise and leading search technology, will help us achieve our goal of providing users with the most comprehensive, relevant and highest quality search solutions on the Web," said Terry Semel, Yahoo! chairman and CEO. "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."

News source: Slashdot

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