Breaking SEO News Report
IAC/InterActiveCorp founder Barry Diller is rumbling that he could be walking away from his purchase of the Ask Jeeves search engine.
After analyzing the accounting, financial records, shared PPC structure and traffic logs Mr. Diller feels he might be paying way too much for the 4th most popular search engine.
IAC/InterActiveCorp and Ask Jeeves are not officially commenting yet.
Only a couple weeks back Diller and IAC help press conferences to joyfully anounce a a $2 billion stock deal allowing IAC to acquire Ask Jeeves.
IAC/InterActiveCorp owns many popular web properties including: Expedia, CitySearch, Ticketmaster, eVite and Match.com and was looking to help increase Ask Jeeves’ share of the lucrative search engine market.
Mr. Diller and his team of accountants quickly began to realize however that the paid search partner agreements in place at Ask Jeeves only result in a small percentage of profit and limit the search engines revenue growth potential.
Mr. Diller had been researching the scope of the revenue share partnerships and has not found opportunities to convert the exisiting patnerships into IAC's favor.
Could IAC be moving away from ASK Jeeves in an effort to acquire AOL?
stay tuned...
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