• Vator News, Thursday, February 3, 2011 12:28 PM

AFCV Holdings has agreed to by publicaly traded Answers.com for $127 million. A Summit Partners portfolio company, AFCV is paying more than double Answers' initial pricing of $5 per share when it made its IPO back in 2004. The Israel-based Answers.com hosts a varied selection of Q&A forums on its site, as Vator News points out.

Its WikiAnswers product lets users pose questions to the community, which anyone can answer, edit, while ReferenceAnswers is a forum where questions are answered by editors. Video Answers maintains a library of some 200,000 videos in more than 200 categories, allowing users to browse through demonstrations and get answers to how-to questions. The Answers.com board of directors unanimously voted to approve the merger, and is encouraging stockholders to approve as well.

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