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Yahoo to acquire Inktomi

Yahoo announced this morning that it is acquiring Inktomi.

“Yahoo!’s vast reach and its unmatched breadth and depth of services, combined with Inktomi’s outstanding engineering expertise and leading search technology, will help us achieve our goal of providing users with the most comprehensive, relevant and highest quality search solutions on the Web,” said Terry Semel, Yahoo! chairman and CEO. “The addition of Inktomi’s search platform adds both control and flexibility to this important business, thus enhancing our ability to create new and more innovative search offerings for consumers and businesses.”

My guess is that Google’s recent move into news and, perhaps more important strategically, product search (with Froogle) pushed Yahoo into thinking it needed its own in-house search engine capabilities. Note the use of the word control in the quote above.

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