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October 16, 2008 4:12:04 PM CDT

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Answer(s.com): $100 million

Posted Jul 17, 07 8:06 AM CDT in Business 

(Newser) – Question:  What is the amount tiny Answers.com ($7 million in 2006 revenues), the operator of a reference aggregation site, has agreed to pay for equally tiny Lexico, owner of Dictionary.com, Thesaurus.com, and Reference.com.  In order to raise the $100 million purchase price Answers has filed for a $140 million offering.

Lexico has three times the pages views of Answers and only one-third third the revenue per page, making it a bargain, the company believes. Staci Kramer at paidcontent.org says, "It makes sense." In after-hours trading yesterday, Answers stock was down 14%, but that may have been because the company simultaneously warned of a shortfall in second-quarter revenues.

Source paidContent.org

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