SEO News

Lawsuit Filed in IAC/Ask Jeeves Acquisition

by , Comments

Are legal issues going to cause problems for the IAC/Ask Jeeves deal?

The New York Post reports that an Ask Jeeves shareholder has filed a lawsuit in Deleware saying that AJ execs did not get a fair price for the company.

Ask Jeeves shareholder Richard Wiltsie said in a suit filed yesterday in Delaware Chancery Court that company directors agreed to the deal "without fulfilling their most basic obligation to conduct a full and fair sale process" to get the best price.

More in the article: Suit Says Iac Bid For Ask Jeeves Too Low


ClickZ Live Toronto Twitter Canada MD Kirstine Stewart to Keynote Toronto
ClickZ Live Toronto (May 14-16) is a new event addressing the rapidly changing landscape that digital marketers face. The agenda focuses on customer engagement and attaining maximum ROI through online marketing efforts across paid, owned & earned media. Register now and save!

Recommend this story

comments powered by Disqus