News Burst: CMGi in talks to buy AltaVista

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.

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TOPICS: Networking
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A deal could be announced as early as Thursday, according to people familiar with the situation, though talks could still break down.

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Topic: Networking

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