Inktomi (Nasdaq: INKT), which develops software to power search engines and e-commerce sites, made another key move this week to expand its presence in the online shopping arena. On Thursday, the company announced that it has signed a deal to purchase 100 percent of Impulse! Buy Network, which develops online merchandising software, in exchange for 900,000 shares of stock.
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Inktomi Makes Impulse Buy
Posted by: Andy Wang April 23, 1999 12:00 AMInktomi (Nasdaq: INKT), which develops software to power search engines and e-commerce sites, made another key move this week to expand its presence in the online shopping arena. On Thursday, the company announced that it has signed a deal to purchase 100 percent of Impulse! Buy Network, which develops online merchandising software, in exchange for 900,000 shares of stock.