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IAC Acquisition of Ask Jeeves Completed

IAC/InterActiveCorp yesterday announced the completion of its acquisition of Ask Jeeves, which will continue as an operating business of IAC within its Media & Advertising sector, in accordance with IAC's new reporting configuration. Shares of Ask Jeeves common stock, which traded on Nasdaq, were delisted as of the close of the market on Tuesday.

Under the terms of the merger agreement, each share of Ask Jeeves common stock was converted into the right to receive 1.2668 shares of IAC common stock, and options to purchase Ask Jeeves common stock were converted into options to acquire IAC common stock.

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