|
|
|
|
 |
OAKLAND, CA--- Ask.com to Acquire Lexico, Owner of Dictionary.com, Thesaurus.com, and Reference.com |
| 5/15/2008 @ 9:08 AM
print this article -
email to a friend -
join our eNewsletter
|
 |
Ask.com (www.ask.com/), a leading search engine and wholly-owned business of IAC (NASDAQ:IACI) , today announced an agreement to acquire Lexico Publishing Group LLC - the owner of Dictionary.com, Thesaurus.com, and Reference.com, in an all-cash transaction. More than half a billion monthly worldwide searches consist of dictionary, thesaurus, and encyclopedia queries, according to comScore.
The Lexico acquisition will grow the Ask Network user base to more than 145 million unduplicated monthly unique users (UUs) worldwide, an increase of 11%, according to March 2008 comScore data. This would rank the Ask Network as the 9th largest Web property in the world - ahead of Apple Inc. and Facebook - in monthly worldwide Uus (comScore World Metrix, March 2008). Ask.com and Lexico's demographics are nearly identical, creating strong potential for cycling traffic between both companies' user bases.
"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 percent of all searches conducted on Ask.com are in the reference category. In fact, 'dictionary' was the second-most searched term on Ask.com in 2007. At the same time, Lexico's consumers frequently seek out a search engine immediately before and after using one of Lexico's sites. This acquisition expands Ask.com's reach and aligns perfectly with our customers' needs."
Lexico's key strengths include:
-- 15.6 M monthly Uus, growing 29% year-over-year (comScore, March 2008)
-- Lexico sites grew three times faster than the global search market,
which grew 9.5% year-over-year (comScore, March 2008)
-- Profitable, high double-digit growth for the past two years
-- 88% of traffic consists of users who directly type Lexico sites' URLs
into their browsers, demonstrating brand strength and minimal reliance
on intermediary sites
"I can't imagine a better home for Lexico sites than Ask.com, given its leadership in search technology and product innovation," said Brian Kariger, CEO and Co-Founder of Lexico. "This integration will give the Lexico sites a better consumer experience and even more useful for finding answers."
Terms of the deal were not disclosed. The transaction remains subject to customary closing conditions.
About Ask.com
Ask.com, a wholly-owned business of IAC (NASDAQ:IACI) , is one of the leading general search engines on the Internet. The Ask Network of sites has more than 130 million worldwide unique monthly users according to March 2008 comScore data. Ask.com syndicates its search technology and advertising solutions to a network of affiliate partners.
Lexico Publishing Group, LLC
Founded in 1995, Lexico Publishing Group, LLC is a leading provider of free online reference services including Dictionary.com, Thesaurus.com and Reference.com. Lexico was recently named one of America's 500 fastest-growing private companies by Inc. Magazine, and has been called "the best general English-language dictionary online" by Web Guide magazine. Lexico Publishing provides Dictionary.com Word of the Day Mailing List, a daily e-mail vocabulary lesson; Thesaurus.com, the award-winning online version of Roget's New Millennium Thesaurus of English Words and Phrases; Reference.com, an encyclopedia, almanac, and general reference guide; and CleverKeys , free software that gives instant access to definitions and synonyms from Windows and Macintosh programs. Dictionary.com, Thesaurus.com, and Reference.com combined to serve more than 28 million unique visitors as of March 2008. The Word of the Day Mailing List has more than 1 million subscribers. |
| FreshMoney - California Mergers/Acquisitions/Funding |
|
|
| |
| Tuesday, July 8, 2008 |
 |
|
SAN DIEGO--- Lilly to Acquire SGX Pharmaceuticals; Deal Expands Lilly's Structure-Based Drug Discovery Capabilities Posted 4:35 PM PST
MENLO PARK--- Longitude Capital Closes $325 Million Life Sciences Fund Posted 8:11 AM PST
LOS GATOS--- Iwatt, Inc. Raises $12.4 Million in Series E Financing Posted 8:00 AM PST
PALO ALTO--- Vmware Announces Change in Executive Leadership Posted 7:59 AM PST
SAN DIEGO--- The Active Network Establishes Leadership Position in Swimming and Track & Field Markets with Acquisition of HY-TEK Sports Software Businesses Posted 7:46 AM PST
|
| |
| Monday, July 7, 2008 |
|
|
LOS ANGELES--- Signalife and Heart One Global Research Agree to Merge Posted 6:43 AM PST
|
| |
| Thursday, July 3, 2008 |
|
|
PALO ALTO--- Wellington Partners Invests Over $17 Million in GameDuell Posted 10:03 AM PST
SAN FRANCISCO--- GoFish Corporation Secures Remaining $2 Million Portion of Private Placement Totaling $3.5 Million Posted 10:00 AM PST
|
| |
| Wednesday, July 2, 2008 |
|
|
REDWOOD CITY--- Pearl Therapeutics Closes $18 Million Financing Round Posted 6:49 AM PST
SAN CARLOS--- Natus Medical Acquires Schwarzer GmbH Neurology Division Posted 6:41 AM PST
|
| |
| Tuesday, July 1, 2008 |
|
|
WASHINGTON--- Icx Wins $14 Million Cerberus Mobile Surveillance Towers Contract for U.S. Army Posted 4:39 PM PST
SAN JOSE--- Agiliance Secures $10 Million in Series B Funding Posted 8:24 AM PST
CARLSBAD--- Abbott Invests Additional $20M in Isis' Subsidiary Ibis Biosciences Posted 7:45 AM PST
SAN DIEGO--- Dataskill Announces Agreement to Acquire Silicon Space Posted 7:12 AM PST
|
| |
| Monday, June 30, 2008 |
|
|
SAN DIEGO--- TAG Acquires Contractor Software Corporation Posted 3:21 PM PST
SAN FRANCISCO--- CBS Corporation Completes Acquisition of CNET Networks; Merges Operations Into New, Expanded CBS Interactive Business Unit Posted 3:19 PM PST
SAN DIEGO--- Overland Acquires Adaptec's Snap Server NAS Business to Further Extend the Reach of Its End-to-End Data Protection Offerings Posted 6:45 AM PST
NOVATO--- Raptor Pharmaceuticals Closes $10 Million Private Placement Posted 6:43 AM PST
|
| |
| Saturday, June 28, 2008 |
|
|
MILPITAS--- Credence and LTX Sign Merger Agreement Posted 10:06 AM PST
|
| |
| Friday, June 27, 2008 |
|
|
SAN FRANCISCO--- New Media Animation Pioneer aniBoom Secures Additional $10 Million in Funding Posted 6:30 AM PST
|
| |
| Thursday, June 26, 2008 |
|
|
SAN JOSE--- Orbotech Reaches Agreement to Acquire Photon Dynamics Posted 9:13 AM PST
CUPERTINO--- Miyowa Raises $8 Million in Additional Venture Capital Financing Posted 9:12 AM PST
|
| |
| Wednesday, June 25, 2008 |
|
|
LOS ANGELES--- $8.4 Million in Series B Funding to Opinion Maker SodaHead Posted 8:44 AM PST
|
|
|
|
|
|
FreshNews.com Jobs Change DAILY
We Have 5,000 + Job Listings! Open Your FREE Account
Employers or Job Searchers Get Started Now! Click Here
|
