Lexico, Dictionary.com Being Acquired By Ask.com; Price In $100 Million Range

Turns out Ask.com has the answers for Lexico Publishing, the owner of Dictionary.com which earlier agreed to be acquired by Answers.com (NSDQ: ANSW) in a doomed effort. The IAC (NSDQ: IACI) subsidiary isn’t disclosing the price of the all-cash transaction but, according to a source familiar with the situation, it’s in the same range as the $100 million that Answers.com was supposed to pay. Ask spokesman Nicholas Graham declined to confirm the amount or to comment on the price. The deal is expected to close in Q3. The Long Beach, Calif.-based company was founded in 1995 by Brian Kariger, CEO, and Daniel Fierro. Both will be staying on for the integration into Ask.com. The iconic domains, which also include Thesaurus.com and Reference.com, come with a serious amount of traffic, increasing the Ask Network’s traffic by 11 percent to 145 million-plus uniques. Ask claims this will make it the ninth largest web property in the world—ahead of Facebook and Apple.
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