Go2Net Fetches Dogpile for $55 Million
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Go2Net Inc. Wednesday acquired popular metasearch engine Dogpile for $55 million in cash and stock.
Dogpile will be the Web site network's second trophy in the search engine purchase arena, following its previous acquisition of MetaCrawler.
Dogpile's proprietary search technologies will be added to the Go2Net Network to allow users to search for specific businesses on HyperMart and Virtual Avenue, as well as for specific bid items on Haggle Online.
"Go2Net's acquisition of Dogpile strengthens our position as the Internet's leader in the metasearch category, while adding a significant and growing base of users to the Go2Net Network," said Russell C. Horowitz, Go2Net's CEO.
Dogpile and MetaCrawler both allow users to search through multiple engines simultaneously, a format which is quickly replacing single search engine capabilities.