Business.com Sells For $345 Million

R.H. Donnelley earlier on Thursday said it would buy Internet search engine and advertising network Business.com for $345 million, a deal it expects to close in the third quarter.

"The merger signals that the company is moving in a different direction, and at the same time sends a signal that core print operations may be facing a greater challenge than previously expected," said Maurice McKenzie, analyst at Signal Hill Capital Group.

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