The well known search engine that answers questions,Answers.com ,will soon be bought by AFCV Holdings LLC for $127 million.
AFCV Holdings LLC is "a private holding company that develops and operates a broad range of consumer internet technologies."
According to Associated Press ,AFCV Holdings LLC agreed to buy all of Answers.com common shares for $10.50 each .Moreover,the board of Answers.com approved unanimously the transaction and recommended that shareholders approve the deal too .
Now the company expects only to hold a meeting to vote on the agreement.
The transaction is expected to close in the second quarter of 2011 .