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R.H. Donnelley Buys Business.com Domain Name: WSJ
Topics:Mergers & Acquisitions | Technology | Internet
Sectors:Media | Technology
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Telephone-directory company R.H. Donnelley clinched a deal for Web-based marketing
directory Business.com Inc. for between $340 million and $360 million, The Wall Street Journal Online reported on Thursday.
Donnelley beat out rival suitors Dow Jones [DJ
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] and New York Times [NYT
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] for Business.com, according to the report, which cited a person familiar with the transaction.
The Santa Monica, California company has cash flow of about $15 million, the Journal said.
Business.com was not immediately available to comment. A Donnelley [RHD
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] spokesman declined comment.
Copyright 2009 Reuters. Click for restrictions.
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