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Monday, July 16, 2007

What's in a name... $100 million apparently

Answers Corporation, the company that owns has just announced the purchase of Lexico Publishing Group, the owners of,, and for $100 million. The deal is said to be contingent on the raising of funds and since Answers is said to have had $4.2 million in cash as of March 31, it may take a while. Still the sum is reminiscent of the bubble days of the late 90's. What does that kind of money buy you? About 11 million users a month.