Tech Company M&A Transactions
AltaVista Company Acquisition
AltaVista Company, operating out of Palo Alto, was acquired by Overture Services. The transaction price was $140 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/18/2003
Transaction Type
M&A
Amount
$140,000,000
M&A Terms
Overture Services, Inc. today announced that they have signed a definitive agreement under which Overture will acquire AltaVista's business for $140 million in cash and stock. The company will pay AltaVista in Overture common stock currently valued at $80 million, plus $60 million in cash, and will assume certain of AltaVista's liabilities. The purchase, which is subject to customary approvals and certain other conditions, is expected to close in April and be accretive to Overture's earnings by mid-2004.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
529 Bryant St.
Palo Alto, CA 94301
USA
Palo Alto, CA 94301
USA
Phone
Website
Email Address
Not Recorded
Overview
Internet search pioneer AltaVista Company is a leading global provider of search services and technology. The company continues to advance Internet search with new technologies and features designed to improve the search experience for all users.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jim Barnett
Browse more venture capital transactions:
Prev: 2/18/2003: Sourcefire venture capital transaction
Next: 2/19/2003: Widevine Technologies venture capital transaction
Share this article
About Database of VC Transactions
We do our best to report on tech company VC transactions. VC transactions reported here are derived from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs