Espotting Denies Yahoo Takeover Talk
European Internet firm Espotting Media shot down on Friday a report it is in talks to sell out to U.S. Internet portal Yahoo Inc.. The report in a U.S. newspaper sent shares in Espotting's biggest rival, American firm Overture Services Inc., down 12 percent as investors feared Overture's biggest customer, Yahoo, would become its biggest competitor. The report on Friday said Yahoo was close to purchasing Espotting, but the privately held firm quickly denied this.
Posted under Search Engines on March 14, 2003.
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