IAC proposes to Ask Jeeves for $1.8 billion in all-stock marriage

IAC/InterActiveCorp announced on Monday it has proposed to Ask Jeeves, Inc., in an estimated $1.85 billion all-stock deal, less the cash and equivalents Jeeves has in its bank accounts, to which Ask Jeeves replied that it has accepted the marriage proposal.
The two companies’ boards of directors have approved the deal that would see Ask [...]

Update: Call Centre Clears Hurdle, Property Rezoned by Council

Call Centre Clears Hurdle: “At Monday’s regular (Kelowna) City Council meeting, Council approved the rezoning of a property on Leckie Place, a part of the old Western Star truck plant. The property was rezoned from heavy industrial to business industrial to allow for a call centre for a financial services company. The call centre could [...]