Answers.com Buys Dictionary.com for $100 million.
Answers.com has just purchased Dictionary.com, Thesaurus.com, and Reference.com from Lexico for $100 million. This sounds like a steal to me. Although the network of sites reportedly earned only $2.8 million of income last year, Answers.com has just bought into a network of website that receives three times the page views as its own.
What excites me about this deal is that its a blockbuster deal involving a company being purchased that has a bright future and is actually making money!
With no economic knowledge of the Lexico network, I would’ve thought this deal would be much higher, somewhere in the realm of $500 million. I use Dictionary.com on weekly basis, but now with the spell check in text fields on Firefox and TheFreeDictionary.com apparently having a sick SEO department (considering they top google for many single common nouns), this could be great timing for Lexico to get out.
When it comes down to it, this seems like a great deal for Answers.com. Thumbs up.

