Answers.com Now Owns Dictionary.com

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answerslogo.pngQuestion and answer reference site Answers.com has purchased Dictionary.com’s parent company, Lexico Publishing, for $100 million in cash. Lexico can really serve all your lexical needs because it also owns Thesaurus.com and Reference.com. The deal is expected to close later this fall.

The deal has some major benefits for Answers.com. In 2006, Lexico generated revenues of $7 million, EBITDA of $2.9 million and net income of $2.8 million. It also generates approximately three times the total page views of Answers.com and is expected to add 22.5 million monthly unique users, making Answers the #28 property on the web.

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