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Overture to Acquire Search Engine AltaVista

From the Overture press release: Overture Services, Inc., the world’s leading provider of Pay-For-Performance search to Web sites across the Internet, and AltaVista Company, a pioneer in Web search technology, and a majority owned operating company of CMGI, Inc., announced that they have signed a definitive agreement under which Overture will acquire AltaVista’s business for $140 million in cash and stock.

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