March 31, 2005
IAC Diller says Ask Jeeves Deal was Defensive
IACI chief, Barry Diller, is now saying the Ask Jeeves acquisition was partly a defensive move against search dominating the internet. However one has to wonder if it was smart to buy the number FIVE search company, as if it will do any real good. Never mind the fact a huge portion of Ask Jeeves revenue comes from... you guessed it. Google. How does that make any sense?"We were worried that search could disintermediate our other brands," he told a business forum here. "What would prevent Google (GOOG.O: Quote, Profile, Research) from having its own mortgage lender and taking us out of the equation?"
