Ask.com to acquire Lexico - CIOL News Reports

Ask.com to acquire Lexico

The Lexico acquisition will grow the Ask Network user base to more than 145 million

Thursday, May 15, 2008

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LONDON, UK: Ask.com, leading search engine and wholly-owned business of IAC, today announced to acquire Lexico Publishing Group, 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 per cent of all searches conducted on Ask.com are in the reference category. This acquisition expands Ask.com's reach and aligns perfectly with our customers' needs."

The Lexico acquisition will grow the Ask Network user base to more than 145 million unduplicated monthly unique users worldwide, an increase of 11 per cent, according to March 2008 comScore data.

Terms of the deal were not disclosed. The transaction remains subject to customary closing conditions.

©CyberMedia News

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