R.H. Donnelley to acquire

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Cary, N.C.—R.H. Donnelley Corp., a Yellow Pages and online commercial local search company, on Thursday said that it has signed a definitive agreement to acquire, a business search engine and pay-per-click advertising network, for $345 million in cash. The deal includes online properties, and the Advertising Network. has distribution partnerships with,, and other leading business properties. The New York Times and Dow Jones & Co. had reportedly been in pursuit of

When the transaction is completed sometime in the third quarter, founder and CEO Jake Winebaum will be appointed president of Donnelley’s interactive unit, according to the company.

—Matthew Schwartz

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