Q: What's Up With Answers.com? A: Sold and Going Private.
Popular Q&A outfit Answers.com has agreed to be acquired by private-equity firm Summit Partners through its portfolio company, AFCV Holdings, for about $127 million in cash. The price of $10.50 a share represents an 18 percent premium over Wednesday’s close. A stockholders vote will be scheduled soon and the deal is expected to close in Q2.