IAC/InterActiveCorp and Ask Jeeves are not officially commenting yet, but plenty of media and blogs are in regard to a $2 billion stock deal for IAC to acquire Ask Jeeves.

IAC/InterActiveCorp which owns Web properties such as: Expedia, CitySearch, Ticketmaster, eVite and Match.com will bring significant resources to Ask Jeeves’ efforts to increase its share of the search engine market.

Coverage over the weekend includes:

New York Times (registration): “IAC/Interactive Corp., the Internet company headed by Barry Diller, is close to an agreement to acquire Ask Jeeves Inc., the nation’s fourth-largest search engine company.”

Wall Street Journal: “Barry Diller’s IAC/InterActiveCorp last night was near a deal to purchase the fifth-largest Web-search service, Ask Jeeves Inc., for around $2 billion in stock, according to people familiar with the matter, marking an aggressive move by the electronic-commerce company into the Internet’s most competitive arena.”

Search Engine Watch provides an excellent summary with links to more details.

As the fourth largest search engine company, this is great news for Ask Jeeves. Yahoo and Google are doing very well right now and Microsoft is trying very hard with a huge marketing push. IAC/InterActiveCorp may give Ask Jeeves the boost it needs to compete more aggressivley with the big three search engines.