D&B to Buy Online Data firm Hoover's

  • December 6, 2002
Financial information publisher D&B, formerly known as Dun & Bradstreet, last week agreed to buy online corporate data provider Hoover's Inc. to expand onto the Web and to gain more small-business customers. The purchase price is $117 million, but after accounting for Hoover's cash, D&B's net payment would be $81 million. The companies said in a statement that they expect the deal to close in the first quarter.
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