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22nd Mar 2005, 14:01
http://news.bbc.co.uk/1/hi/business/4367197.stmThe internet investment firm headed by US media mogul Barry Diller is to buy web search engine Ask Jeeves for $1.85bn (970m).

Ask Jeeves is the fifth most-queried search engine in the US and has a market value of $1.43bn, one tenth the size of Mr Diller's IAC/InterActive.

Mr Diller said Ask Jeeves "has the potential to become one of the great brands on the internet".

The deal reflects rising competition between rival internet search engines.