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These Internet mergers are widely reported by now, so I’ll quickly point you to reliable sources for the detailed coverage.
1) Ask.com buys Lexico, owner of Dictionary.com
IAC/Ask.com is buying Lexico Publishing Group, which is the owner of generic domains and online businesses Dictionary.com, Thesaurus.com and Reference.com. This will get Ask a great pile of additional unique traffic and make it the ninth biggest destination on the web in terms of the number of visits.
Click here for a detailed article about this acquisition.
CBS Corp. said it was going to acquire CNet Networks Inc. for about $1.8 billion or $11.50 per share, which represents a 45 percent premium to its closing price on Wednesday. With this timely acquisition CBS wants to expand its reach across the Internet. I have always wondered why CNet has not been acquired earlier, taking into account their top-notch domain portfolio. The company owns many valuable generic domain names such as News.com, MP3.com, TV.com and Search.com inter alia, as well as established websites and online businesses. The acquisition has still to be approved by CNet’s shareholders.
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