Redpoint Gets Some Answers

Schachter, Ken
June 2008
Red Herring;6/17/2008, p2
Trade Publication
The article reports on the increase in the shares of Answers Corporation in the U.S. following Redpoint Ventures' decision to inject up to $13 million in a private placement. Redpoint paid $6 million for a package of series A preferred shares convertible into 1.3 million shares of common stock. The deal would give Redpoint about 12 percent of Answers' 32.1 million shares outstanding. Redpoint partner Allen Beasley will join Answers' board of directors.


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