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Saturday, July 21, 2007

Answers Corporation to acquire Dictionary.com for $100 Million

"Answers Corporation, creator of Answers.com, has announced that it has entered into a purchase agreement to acquire Lexico Publishing Group, LLC, owner of the popular Web properties Dictionary.com, Thesaurus.com and Reference.com, for $100 million in cash. The transaction is subject to financing and customary closing conditions and is scheduled to be completed by fall of this year"

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