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07|17|2007 11:17 am EDT

Answers Corp. to Acquire Dictionary.com for $100 Million

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

Answers Corporation (NASDAQ: ANSW), creator of Answers.com, announced today that it has entered into a purchase agreement to acquire Lexico Publishing Group, LLC, owner of the popular Web properties Dictionary.com, Thesaurus.com and Reference.com, 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]

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4 Comments

Michele Neylon

July 17, 2007 @ 2:47 pm EDT

Impressive amount of money!

Adam Strong

July 17, 2007 @ 3:02 pm EDT

From http://bits.blogs.nytimes.com/2007/07/16/a-domain-name-worth-100-million/
“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

Adam

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

Michele

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

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