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Yahoo seals Inktomi deal

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The portal giant completes its purchase of Web search technology company Inktomi, highlighting an intent to boost its own flourishing search business.

Yahoo has completed its acquisition of Web search technology company Inktomi, highlighting the portal giant’s intent to boost its own flourishing search business. With the acquisition, which closed Wednesday, each common share of Inktomi will be converted to $1.65 in cash paid by Yahoo. Wells Fargo Bank Minnesota, the paying agent, will mail documents for the trade-in next week.

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Yahoo seals Inktomi deal
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About BusinessWeek Online
BusinessWeeks award-winning Web site www.businessweek.com provides users with daily perspective, unique insights, breaking news, and in-depth analysis of the latest trends in the business world. With continuous coverage of todays business issues, BusinessWeek Online is the leading full-service Web site for senior-level executives. At BusinessWeek Online, users find eight channels replete with trusted information and resources to help manage their personal and professional lives. From small business to global business, personal investing to corporate strategies, BusinessWeek Online provides insight and perspective on all topics relevant to todays business professionals. In addition to unparalleled journalism, the site also offers interactive tools, reports, data, forums, and newsletters. WebProNews Writer
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