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Google buys assets of tech company

Search company Google says it has bought select assets of search technology developer Outride, which is a spin-off from Xerox Palo Alto Research Center (PARC). Google, headquartered in Mountain View, Calif., said it bought Redwood City, Calif.-based Outride's intellectual property, including patent rights, source code, trademarks and associated domain names. It said it plans to use the technology to improve the relevancy of its own search, which is one of the most popular search services for consumers and is licensed by major portals such as Yahoo and AOL/Netscape, among others. Financial terms of the deal were not disclosed.

Search company Google says it has bought select assets of search technology developer Outride, which is a spin-off from Xerox Palo Alto Research Center (PARC).

Google, headquartered in Mountain View, Calif., said it bought Redwood City, Calif.-based Outride's intellectual property, including patent rights, source code, trademarks and associated domain names. It said it plans to use the technology to improve the relevancy of its own search, which is one of the most popular search services for consumers and is licensed by major portals such as Yahoo and AOL/Netscape, among others. Financial terms of the deal were not disclosed.