07|17|2007 11:17 am EDT
Answers Corp. to Acquire Dictionary.com for $100 Million
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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3 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