Answers.com, (NASDAQ: ANSW), creators of the leading answer engine Answers.com, has announced that AFCV Holdings, LLC, a portfolio company of growth equity investor Summit Partners, has consummated the previously announced merger to acquire Answers.com.
On April 14, 2011, Answers.com’s stockholders approved the merger at a special meeting of stockholders. Pursuant to the definitive merger agreement between Answers.com and AFCV Holdings, dated as of February 2, 2011, Answers.com common stockholders will receive $10.50 per share in cash, without interest and less any applicable withholding taxes, for each share of common stock they owned immediately prior to the effective time of the merger, other than shares owned by stockholders who have properly exercised appraisal rights.
Answers Corporation (NASDAQ: ANSW) owns and operates Answers.com, the leading Q&A site. Answers.com is a community-generated social knowledge Q&A platform, leveraging wiki-based technologies. Through the contributions of its large and growing community, answers are improved and updated over time.
Answers.com’s common stock will cease trading on The NASDAQ Capital Market at the close of market today and will be delisted.