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CMGI Acquires AltaVista

Posted by ryuzaki0 on from the av-is-easy dept.

[Dilbert] was the first to send out the word that CGMI has officially purchased Alta-Vista from Compaq. The two companies also formed a "strategic" partnership-whatever that means. CGMI wants Compaq's muscle behind their portal site, and Compaq wants to stop bleeding money. Total purchase price: 2.3 billion dollars. Sheesh.

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