R.H. Donnelley to Acquire Business.com Inc.; Business.com's CEO to Be Appointed President of Interactive Operations

Jul 31, 2007

R.H. Donnelley Corporation has announced that it has signed a definitive agreement to acquire Business.com. Through this transaction, R.H. Donnelley will add to its existing interactive portfolio with online properties that include Business.com, Work.com and the Business.com Advertising Network. Business.com is led by Founder and CEO Jake Winebaum. Upon closing of the transaction, Winebaum will be appointed as President of R.H. Donnelley's interactive unit (RHDi), which will include DexKnows.com, LocalLaunch! search engine marketing company, Business.com, Work.com, and the Business.com Advertising Network. Winebaum will lead RHDi from Santa Monica, CA, and will report directly to Swanson. Under the terms of the agreement, R.H. Donnelley will acquire 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.

(www.rhd.com; www.business.com)