Dun & Bradstreet Buys AllBusiness.com for US$55M

Dun & Bradstreet logoDun & Bradstreet Corp., a business information company, said Tuesday it has bought AllBusiness.com for $55 million and subsequently raised its 2008 revenue outlook to account for the acquisition according to Associated Press.
The report says Dun & Bradstreet bought the online media and e-commerce company in an effort to expand its Internet business.
To read the AP story in full, see money.cnn.com/news/newsfeeds/articles/apwire/0ba674f637443b30b0d91f9bdb06b003.htm