Overture - Aquires Fast aka Lycos

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Hardly taking a second breath, Overture purchased the Web Search Unit of Fast Search and Transfer announced on 02/25/2003. It appears Overture has plans to make use of all three of their search products as evidenced by the following quote:

"Through this combination, Overture expects to be at the forefront of the industry in offering a full suite of paid placement, paid inclusion and algorithmic Web search products and services for syndication to portals, ISPs and other search destination sites. At the same time, the company's 80,000 advertisers will benefit by gaining access to new products and sources of distribution that will drive additional customer leads."