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