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
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.

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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
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
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