Ask.com Completes Acquisition of Lexico - Owner of Dictionary.com, Thesaurus.com, and Reference.com
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OAKLAND, Calif., July 3 /PRNewswire-FirstCall/ -- Ask.com (http://www.ask.com), a leading search engine and wholly-owned business of IAC (Nasdaq: IACI), today announced the completion of the previously announced agreement to acquire Lexico Publishing Group LLC, owner of Dictionary.com, Thesaurus.com, and Reference.com.
The all-cash transaction was announced on May 15, 2008.
"The combination of Lexico's strong growth and assets with Ask.com's industry-leading search experience significantly expands our audience reach, and aligns perfectly with our customers' needs," said Jim Safka, CEO of Ask.com.
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 April 2008 comScore data. Ask.com syndicates its search technology and advertising solutions to a network of affiliate partners.
SOURCE Ask.com
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