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Ask Jeeves to buy Interactive Search

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Ask Jeeves to buy Interactive Search

Ask Jeeves says it will buy Interactive Search Holdingsfor about $343 million to bolster its presence in the fast-growing Internet search-engine market. Terms of the deal call for Emeryville, California-based Ask Jeeves to issue 9.3 million shares of common stock and options and pay $150 million in cash for the privately held company.

Story from Reuters