domain sells for US$55m

Online business resource has been acquired by Dun & Bradstreet for approximately US$55 million to enhance its internet presence reports The Associated Press. AP further reports the site will operate as a wholly owned subsidiary of the veteran commercial info company with Kathy Yates remaining as CEO. Dun & Bradstreet expects the acquisition to generate about $10 million of incremental revenue in 2008.It is interesting to note the domain name is attached to a site once sold for $225 million. However the sale is nothing like the sale of earlier this year for a whopping $345 million in cash plus earnout RH Donnelley paid for, the info, directory and search site.The full AP story is available from CNN at

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