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March 24, 2005
Asking price for Ask Jeeves too low
Posted by Dominic Basulto
Barry Diller's $1.96 billion bid for Ask Jeeves is too low -- at least, that's the opinion of an Ask Jeeves shareholder who's suing the company. The lawsuit could jeopardize IAC's acquisition of the company. According to the New York Post, Ask Jeeves shareholder Richard Wiltsie filed suit in a Delaware court complaining that the company's board of directors "agreed to the deal without fulfilling their most basic obligation to conduct a full and fair sale process to get the best price."
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