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BUSINESS
November 23, 1999
GoTo.com Inc. said it will acquire Cadabra Inc., which provides comparison-shopping services, for $250 million in cash and stock to expand its electronic commerce offerings. The Pasadena-based Internet search service will pay $8 million in cash and $242 million in stock for closely held Cadabra in the deal that's expected to be completed as early as January. Cadabra is based in San Mateo, Calif. GoTo.com shares fell $2.13 to close at $106.13 on Nasdaq.
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BUSINESS
November 23, 1999
GoTo.com Inc. said it will acquire Cadabra Inc., which provides comparison-shopping services, for $250 million in cash and stock to expand its electronic commerce offerings. The Pasadena-based Internet search service will pay $8 million in cash and $242 million in stock for closely held Cadabra in the deal that's expected to be completed as early as January. Cadabra is based in San Mateo, Calif. GoTo.com shares fell $2.13 to close at $106.13 on Nasdaq.
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BUSINESS
March 10, 2000 | KAREN KAPLAN, TIMES STAFF WRITER
While rival search engines try to reinvent themselves as all-purpose portal sites, Pasadena-based GoTo.com sought to bolster its core online search capabilities Thursday by agreeing to buy AuctionRover.com for $166 million in stock. AuctionRover.com, an 8-month-old company based in Morrisville, N.C., scours online auctions on EBay, Yahoo and other sites and presents comprehensive search results to users. The proposed deal follows Goto.com's $250-million acquisition in January of Cadabra Inc.
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