|Turns out Ask.com has the answers for Lexico Publishing, the owner of Dictionary.com which earlier agreed to be acquired by Answers.com (NSDQ: ANSW) in a doomed effort. The IAC (NSDQ: IACI) subsidiary isn't disclosing the price of the all-cash transaction but, according to a source familiar with the situation, it's in the same range as the $100 million that Answers.com was supposed to pay. |
Ask isn't talking revenue either, but Doug Leeds, the Ask.com chief strategy officer who will run the company, told me, " It is profitable, very profitable. ... We believe it will be accretive in the first quarter that we have it."