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The Answers Corporation, which runs Answers.com, just announced it has paid $100 million in cash to buy Lexico Publishing Group, a privately held California company whose main business is running the Dictionary.com site.
Dictionary.com is Lexico’s greatest asset. The site attracts 11 million users a month, and 85 percent of them come from people typing one of its domain names into their browsers. Lexico also runs Thesaurus.com and Reference.com.
Note that the NYT Blog articles states "It may just be the most expensive domain name so far." However, this price is for the whole business, which includes the domain name -- as stated in the quotation at the bottom of the article: "“We are actually buying a business,” Mr. Rosenschein said. "It just happens to own a great domain."
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The Answers Corporation, which runs Answers.com, just announced it has paid $100 million in cash to buy Lexico Publishing Group, a privately held California company whose main business is running the Dictionary.com site.
Dictionary.com is Lexico’s greatest asset. The site attracts 11 million users a month, and 85 percent of them come from people typing one of its domain names into their browsers. Lexico also runs Thesaurus.com and Reference.com.
Note that the NYT Blog articles states "It may just be the most expensive domain name so far." However, this price is for the whole business, which includes the domain name -- as stated in the quotation at the bottom of the article: "“We are actually buying a business,” Mr. Rosenschein said. "It just happens to own a great domain."
Send PM
Discuss
Tell a friend
Bury
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