Acquired For $127 Million

AnswersThe popular questions and answers site, has announced they have been acquired by AFCV Holdings, LLC. for $127 million. AFCV Holdings is paying $10.50 per share for the outstanding shares.

“This is a great outcome for our shareholders,” said Bob Rosenschein, Founder, Chairman and CEO. “After an exciting six years as a public company, we are very pleased to achieve considerable value for our investors. The acquisition price of $10.50 per share represents a significant cash premium of approximately 33% over our 90-day volume-weighted average closing stock price.”

Mr. Rosenschein continued, “This agreement is also a positive for our community members. The integrity and commitment of our company to our products remain unchanged, as we continue our mission of creating the ultimate destination for answers.”

Personally, I wanted to wish a huge congratulations to the team!

For the full press release click here.

Postscript: BusinessInsider reports shareholders are going to try to prevent the deal from happening.

A source close to Outboard investments, which owns 9.2% of the company, told us, “There’s not a shot in the world this thing is going through. This is going up for auction or it’s not going down.”

Says a principle: “We got this news this morning with our cornflakes – on Yahoo. The company gave no indication that it was anywhere near making a deal with anybody or that it was even shopping it around.”

“We’re not agreeing to anything at this stage. We’re waiting for the fourth quarter outcome. All we’ve seen is less than bare bones. Our expectation is that on reflection, the board will reconsider and look for signifinantly higher price.”

Related Stories:

Related Topics: Channel: Industry | Search Engines: Answer Search Engines | Search Engines: Help Engines | SEM Industry: Acquisitions


About The Author: is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here. For more background information on Barry, see his full bio over here.

Connect with the author via: Email | Twitter | Google+ | LinkedIn


Get all the top search stories emailed daily!  


Other ways to share:

Read before commenting! We welcome constructive comments and allow any that meet our common sense criteria. This means being respectful and polite to others. It means providing helpful information that contributes to a story or discussion. It means leaving links only that substantially add further to a discussion. Comments using foul language, being disrespectful to others or otherwise violating what we believe are common sense standards of discussion will be deleted. Comments may also be removed if they are posted from anonymous accounts. You can read more about our comments policy here.
  • Gil Reich

    Thanx Barry!

Get Our News, Everywhere!

Daily Email:

Follow Search Engine Land on Twitter @sengineland Like Search Engine Land on Facebook Follow Search Engine Land on Google+ Get the Search Engine Land Feed Connect with Search Engine Land on LinkedIn Check out our Tumblr! See us on Pinterest


Click to watch SMX conference video

Join us at one of our SMX or MarTech events:

United States


Australia & China

Learn more about: SMX | MarTech

Free Daily Search News Recap!

SearchCap is a once-per-day newsletter update - sign up below and get the news delivered to you!



Search Engine Land Periodic Table of SEO Success Factors

Get Your Copy
Read The Full SEO Guide