M&A Deal Summary

Yahoo! Acquires Overture Services

On October 8, 2003, Yahoo! acquired internet software and services company Overture Services for 1.6B USD

Acquisition Highlights
  • This is Yahoo!’s 13th transaction in the Internet Software and Services sector.
  • This is Yahoo!’s 3rd largest (disclosed) transaction.
  • This is Yahoo!’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2003-10-08
Target Overture Services
Sector Internet Software and Services
Buyer(s) Yahoo!
Deal Type Add-on Acquisition
Deal Value 1.6B USD
Advisor(s) Goldman Sachs (Financial)

Target

Overture Services

London, United Kingdom
Overture Services Ltd. it provides online advertising services.

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Buyer(S) 1

Buyer

Yahoo!

Sunnyvale, California, United States

Category Company
Founded 1994
Sector Internet Software and Services
Employees9,400
Revenue 5.0B USD (2015)
DESCRIPTION
Entrance to Yahoo's corporate campus in Sunnyvale, California.
Entrance to Yahoo's corporate campus in Sunnyvale, California.

Yahoo! is a provider of internet search tools, content, and communication services. Yahoo! was formed in 1994 and is based in Sunnyvale, California.


DEAL STATS #
Overall 20 of 117
Sector: Internet Software and Services M&A 13 of 65
Type: Add-on Acquisition M&A Deals 20 of 111
Country: United Kingdom M&A 1 of 3
Year: 2003 M&A 2 of 2
Size (of disclosed) 3 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-19 Inktomi

Foster City, California, United States

Inktomi Corporation was a California company that provided software for Internet service providers. It was founded in 1996 by UC Berkeley professor Eric Brewer and graduate student Paul Gauthier. The company was initially founded based on the real-world success of the search engine they developed at the university. After the bursting of the dot-com bubble, Inktomi was acquired by Yahoo!

Buy $235M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-11 VerdiSoft

Palo Alto, California, United States

VerdiSoft Corp. has a Connected Life product designed to let mobile operators keep their customers in sync with data.

Buy $58M