M and A in the internet space

Clearly there was a market 'correction' in the late nineties and early part of the 2000s when the bubble burst on many internet-related businesses. It seems we are now seeing more and more 'action' in mergers and acquisitions that may be a good sign for the resurgent health of this space. I was catching up with slashdot (via my bloglines news reader) and noted a couple of recent transactions that are closely related to some of the technology we have been using:

• Ask Jeeves Bought for $2 billion (ask Jeeves had recently acquired bloglines)
  
• Yahoo buys Flickr