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Overture acquires search unit of Fast

Published on .

Pasadena, Calif.--Search company Overture Services Inc. said it will purchase the Web search unit of Fast Search & Transfer, an Oslo, Norway-based provider of search and filtering technologies, for $70 million in cash, plus a cash incentive payment of up to $30 million over three years. Overture previously announced the acquisition of search engine company AltaVista Co., and now reaches more than 80,000 online advertisers.
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