R.H. Donnelley, a leading directory publisher, has acquired Business.com for $345 million in cash and deferred purchase consideration. The deal is expected to close in the third quarter of 2007 and is subject to customary terms and closing conditions, including compliance with the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Business.com revenues were US$ 31 million with and EBIDTA of 2 million. 2007 full year revenue is expected to be US$ 57 million.
Business.com is the leading business search engine and directory and pay-per-click advertising network serving more than 40 million unique business users and thousands of advertisers every month. Business.com helps business decision makers quickly find what they need to manage and grow their businesses, and enables advertisers to reach these users wherever they are across the business Internet through premier partners, including The Wall St. Journal Online, Forbes, BusinessWeek, Hoovers, Financial Times and Internet.com. In October 2006, Business.com launched Work.com, a business-to-business expert community publishing platform where experts share advice on common business topics. Work.com features more than 1,900 how-to guides covering a wide range of business topics, from creating a business plan to search engine optimization to employee evaluation. Anyone with expertise to share can create a Work.com guide, and the guides are ranked by Work.com site visitors based on how useful they find the guide. Top ranked guides are featured prominently on Work.com and are syndicated onto Business.com to help Business.com visitors learn more about specific product or service categories. Source: R.H.Donnelley Press Releases