Now Owns

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

The deal has some major benefits for 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 and is expected to add 22.5 million monthly unique users, making Answers the #28 property on the web.