Further to Answers Corporation's announcement that it has entered into a purchase agreement to acquire Lexico Publishing Group, LLC, the company will host a conference call Tuesday morning, July 17 at 8:30 a.m.

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Answers.com has agreed to acquire Lexico Publishing Group, LLC, owner of 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. Both companies are Google Advertising partners, with Google powering their sponsored search results. Answers.com [...]

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I like the Answers.com site, because you can easily compare Wikipedia to a legitimate reference. Compare it to the All-Music Guide and see can see how bad it really is.

Answers Corp., operator of the Answers.com reference website, agreed to acquire Long Beach-based Lexico Publishing Group for $100 million in cash to add Dictionary.com, Thesaurus.com and Reference.com.

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Benchmark VC Michael Eisenberg submits: I am going out on a limb here. Answers.com announced last night that it was acquiring Dictionary.com for $100 million in cash. [... ]

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The $100m purchase of Dictionary.com's parent company does have a strategic rationale.

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Answers Corporation , creator of Answers.com, announced today that it filed a universal shelf registration statement with the Securities and Exchange Commission . The registration statement covers up to an aggregate of $140,000,000 of common stock, preferred stock, warrants, debt securities, units or any combination thereof.

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Blog: Answers plans to capitalize on search magic of the word 'dictionary' by adding its content to Lexico Publishing properties.

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The online resource buys a few nouns.

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Answers Corp. is spending $100 million to acquire Lexico Publishing, which runs Dictionary.com.

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