Answers Corp has reached an agreement to buy Dictionary.com, Thesaurus.com and Reference.com from Lexico Publishing Group, LLC for $100 million.
These properties attracted 11.5 million unique monthly users in the U.S. during the month of June 2007 according to comScore. They generated revenues of $7 million, EBITDA of $2.9 million and net income of $2.8 million in 2006. For more information, see the press release.
Related Topics: Business Issues: Acquisitions & Investments | Search Engines: Answer Search Engines









Like This Story? Please Share!
Like Our Site? Follow Us!
Follow @sengineland