M&A Deal Summary

Overture Services Acquires AltaVista

On February 19, 2003, Overture Services acquired internet software and services company AltaVista from ModusLink Global Solutions for 140M USD

Acquisition Highlights
  • This is Overture Services’ 1st transaction in the Internet Software and Services sector.
  • This is Overture Services’ largest (disclosed) transaction.
  • This is Overture Services’ 1st transaction in the United States.
  • This is Overture Services’ 1st transaction in California.

M&A Deal Summary
Date 2003-02-19
Target AltaVista
Sector Internet Software and Services
Buyer(s) Overture Services
Sellers(s) ModusLink Global Solutions
Deal Type Divestiture
Deal Value 140M USD

Target

AltaVista

Palo Alto, California, United States
website
AltaVista was a search engine that was widely used in the early stages of the internet. It was formed in 1995 and was shut down in 2013.

Search 193,448 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Overture Services

London, United Kingdom
Category Company
Founded 2000
Sector Internet Software and Services
DESCRIPTION

Overture Services Ltd. it provides online advertising services.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2003) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

ModusLink Global Solutions

Waltham, Massachusetts, United States

website

Category Company
Founded 1986
Sector Transportation
Employees2,500
Revenue 561M USD (2015)
DESCRIPTION

ModusLink Global Solutions Inc. is a supply chain and logistics services that are designed to improve clients’ revenue, cost, sustainability and customer experience objectives.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 2 of 2
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 2 of 2
Year (2003) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-01 Tribal Voice

Woodland Park, Colorado, United States

Tribal Voice, Inc. is a provider of co-branded instant messaging and interactive communications solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-02 Modus Media

Westwood, Massachusetts, United States

Modus Media, Inc. is a provider in delivering integrated supply chain management services to companies in the hardware, software, telecommunications, broadband and wireless industries.

Buy $158M
Mergr

Product

Company

Legal