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Tags: acquisitions, mergers
IAC, the owners of Ask.com, has just acquired in full the company, Lexico Publishing Group LLC -- the owner of Dictionary.com, Thesaurus.com, and Reference.com, in an all-cash transaction.
"Lexico is a lean and fast-growing business with rapid top- and bottom-line growth, and is a natural addition for Ask.com," said Jim Safka, CEO of Ask.com. "More than 30 percent of all searches conducted on Ask.com are in the reference category. In fact, 'dictionary' was the second-most searched term on Ask.com in 2007. At the same time, Lexico's consumers frequently seek out a search engine immediately before and after using one of Lexico's sites. This acquisition expands Ask.com's reach and aligns perfectly with our customers' needs."
In return, Lexico was glad that they got a nice break with this acquisition.&...more
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