The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App

Ask.com Completes Lexico Acquisition, Bags Dictionary.com Et Al

This story was written by Robert Andrews.
Losing its independence on Independence Day, Lexico is now part of the Answers.com (NSDQ: ANSW) 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.


By Robert Andrews