Answers Corp. soars on Google announcement
Answers Corp. (Nasdaq: ANSW), operator of Answers.com, reported in a regulatory filing that it is extending its advertising agreement with Google Inc. (Nasdaq: GOOG) for an additional two years.
Answers said the new contract will extend until January 2010. The new contract modifies the tiered schedule for determining Answers’ AdSense search and content revenue. The contract also allows Answers to implement Google’s search engine on its websites.
In late afternoon trading, ANSW shares are up 21.58%, or $1.50, at $8.45. Over the last 52 weeks, shares have ranged from $5.50 to $17.92.
