Reference service Answers.com’s (NSDQ: ANSW) failure to close the acquisition of Dictionary.com parent Lexico, as a result of an inability to secure financing, cost it $925,000. According to the company’s 10-K, $500,000 was given to the would-be sellers, while another $425,000 was paid to an unidentified institutional investor that had…

As we had suspected all along, this one did not go through: Answers Corp.‘s (NSDQ: ANSW) uphill battle to acquire Dictionary.com parent Lexico has failed, as the company’s last-ditch $100 million stock sale has been pulled. The original $100 million offer for Lexico was announced last July, and it was…

On Wednesday, Answers Corp (NSDQ: ANSW). announced a fresh attempt to raise cash to fund its attempted acquisition of Lexico: a plan to sell 14.94 million shares, raising $100 million. But that was based on the company’s Tuesday closing price of $6.69. Since then the stock has been crushed, falling…

Another sign that Answers.com (NSDQ: ANSW) may not be able to complete its $100 million acquisition of Lexico (parent of Dictionary.com) ... in a filing with the SEC this morning, the company said that it has extended the original 180-day deadline (from July 13, 2007) by 48 days, to 228.…

Reference site Answers.com reported Q3 revenue of $2.2 million, up 19 percent over last year’s $1.85 million. Net loss expanded in the quarter by 65 percent to $1.95 million (.25 per share) from $1.18 million ($.15 per share), as the company saw increased costs in all areas. The company also…