News Burst: CMGi in talks to buy AltaVista Summary: CMGi Inc. is in talks to purchase AltaVista and other Internet assets from Compaq Computer Corp. for $2bn (£1.22bn) to $3bn in stock. By ZDNet | June 23, 1999 -- 15:16 GMT (08:16 PDT) A deal could be announced as early as Thursday, according to people familiar with the situation, though talks could still break down. Full story to follow Topic: Networking Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.