Overture to Buy FAST Web Search Business Unit

Yesterday, Overture announced its intention to purchase another crawler-based search engine, Alltheweb, owned by FAST Search and Transfer. FAST have entered into an agreement with Overture, where the later will acquire FAST’s Internet business unit for $70 million in cash, as well as performance-based cash incentive payments for up to $30 million over three years.┬áThe …

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