R.H. Donnelley Buys Business.com Domain Name: WSJ
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 and New York Times 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 spokesman declined comment.