A busy day for Match.com’s parent company, IAC. IAC has announced that they will acquire AskJeeves for $1.85 billion. IAC will integrate IAC’s brands into the Ask Jeeves service; enhance Ask Jeeves’ local search capabilities — a hotly competitive area among online companies — and promote the Ask Jeeves service on IAC sites. Ask Jeeves shares jumped $5.56 to $29.80 and IAC’s shares fell 98 cents, or 4.4 percent, to $21.31.
Press Release
IAC also announced the launch of Gifts.com, an online gift shopping resource that allows consumers to purchase gifts tailored to their interests, hobbies and personalities. I have always liked how Barry Diller has cobbled together a nice portfolio of complimentary websites. I wonder if Match.com members will be able to buy each other gifts?
Press Release
