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Tag Archive: IAC

IAC Rolls Out Mobile GPS Application

IAC, the parent company of search portal Ask.com, has announced a mobile application which ties together local content, social networking and GPS. This application, called Ask Mobile GPS, is available for download to select supported mobile devices as a free trial version.

Ask Mobile GPS ties together Web services from three popular IAC Web sites – Ask.com, Citysearch and Evite.com. It uses the built-in GPS function of supported phones to help users find nearby business listings and make use of turn-by-turn directions. With Ask Mobile GPS users will able to browse Citysearch entries and reviews, view and interact with Evite invitations and use the GPS in their phones to broadcast their location to other users.

Ask Jeeves Sold For $1.9 Billion

“IAC will issue 1.2668 shares of its stock for each share of Ask Jeeves. That would represent a premium of about 16 percent for Ask Jeeves shareholders, based on Friday’s closing prices.

Shares of Ask Jeeves gained $3.41, or 14 percent, to $27.65 in pre-market trading on Inet following Monday’s announcement, while shares of IAC lost 60 cents, or about 2.5 percent, to $21.69. “

Ask Jeeves owns the popular advertising network MaxOnline, and is the 9th largest web company.

For those of you unfamiliar with IAC/InterActiveCorp, the company owns properties such as Ticketmaster, home shopping service HSN and travel site Expedia.

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