MediaPost: Overture Completes Acquisition Of Fast

As we reported earlier, this deal has now finalized:

It's official. Overture Services, Inc. on Monday completed the acquisition of the Web search unit of Fast Search & Transfer (FAST), a developer of enterprise search and real-time filtering technologies.

Company officials say that this acquisition, combined with Overture's previously announced plan to purchase AltaVista, which is expected to close before the end of this month, will "strengthen Overture's leadership in commercial search and position the company to build the most powerful and comprehensive search capability on the Internet."