Answers.com To Buy Dictionary.com For $100 Million

Jul 16, 2007 at 5:29pm ET by Barry Schwartz

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.

Barry Schwartz 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.

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