Overture to Pay Up to $100M to Expand

AP Online | February 26, 2003| | Copyright

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Dateline: SAN FRANCISCO Overture Services Inc. added more scientific horsepower to its advertising- driven online search engine Tuesday by agreeing to pay up to $100 million for AlltheWeb.com and several affiliates.

Overture's all-cash takeover of Internet properties developed by Fast Search and Transfer, or FAST, comes a week after it announced plans to buy search engine pioneer AltaVista for $140 million in cash and stock.

In the latest deal, Overture is paying Norway-based FAST $70 million this year and up to $30 million over the next three years if certain financial ...

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