Subscribe to RSS Feed

07|17|2007 11:17 am EDT

Answers Corp. to Acquire for $100 Million

by Frank Michlick in Categories: Domain Sales, News, Up to the Minute

Answers Corporation (NASDAQ: ANSW), creator of, announced today that it has entered into a purchase agreement to acquire Lexico Publishing Group, LLC, owner of the popular Web properties, and, for $100 million in cash. The transaction is subject to financing and customary closing conditions and is scheduled to be completed by fall of this year. [Press Release]



Michele Neylon

July 17, 2007 @ 2:47 pm EDT

Impressive amount of money!

Adam Strong

July 17, 2007 @ 3:02 pm EDT

“The site attracts 11 million users a month, and 85 percent of them come from people typing one of its domain names into their browsers”

Michele Neylon

July 17, 2007 @ 3:12 pm EDT


You’d need to make back quite a bit per capita to justify the outlay though :)


[…] in its purchase of the Lexico Publishing Group LLC. This news comes 10 months after agreed to buy the same company for $100 million in a deal that fell […]

RSS feed for comments on this post · TrackBack URI

Leave a Reply