Ask.com Completes Lexico Acquisition, Bags Dictionary.com Et Al
Losing its independence on Independence Day, Lexico is now part of the Ask.com family, as IAC’s (NSDQ: IACI) portal completes its purported $100 million cash acquisition of the Dictionary.com, Thesaurus.com and Reference.com operator. Announcing the completion, which had been expected in Q3, Ask.com Jim Safka: “The combination… significantly expands our audience reach, and aligns perfectly with our customers’ needs.”
The Long Beach, Calif.-based company was founded in 1995 by CEO Brian Kariger and Daniel Fierro. Both will be staying on for the integration into Ask.com. Its iconic domains come with a serious amount of traffic, increasing the Ask Network’s traffic by 11 percent to 145 million-plus uniques. Neither party disclosed the price when they announced the deal on May 15 - estimates came from a source familiar with the situation.
Related StoriesPosted In: Money, M&A & Venture Capital, Mergers & Acquisitions, ask.com, dictionary.com, lexico
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Comments (3)
Jul 4, 2008 1:25 PM
You might check the first line of the story. Pretty sure the acquisition isn’t associated with Answers and you meant to write Ask instead.
Jul 4, 2008 1:26 PM
Yes, repeating what’s said above, this has nothing to do with ANSW other then they were unable to make a similar transaction with Lexico.
Jul 4, 2008 1:32 PM
Corrected. Thanks for pointing out my typo.