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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 6.420+1.4%9:45 AM EST

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To: richardred who wrote (26)7/14/2003 5:29:58 PM
From: richardred   of 7265
 
Overture-Yahoo to Buy Overture in $1.63 Bln Deal
Monday July 14, 4:50 pm ET
LOS ANGELES (Reuters) - Internet media company Yahoo Inc. (NasdaqNM:YHOO - News) on Monday said it would buy online advertising provider Overture Services Inc.(NasdaqNM:OVER - News) for $1.63 billion in cash and stock to strengthen Yahoo's ad business and ward off a growing challenge from search engine Google

I made a quick buck on a similar deal that YHOO-made for INKT. Bought at the end of internet bubble- just over a buck- I will look at Google if things calm down in time. Microsoft- might look, but might have something in house. I'm sure someone would have cried foul if they did buy a search engine before YHOO..
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