Donnelley Paying $345M for Business.com

R.H. Donnelley Corp. (NYSE: RHD) has agreed to acquire Business.com for $345 million in cash and deferred purchase consideration. The deal is expected to close later this quarter, at which point Business.com CEO Jake Winebaum will be appointed president of R.H. Donnelley's interactive unit. Business.com is a Santa Monica, Calif.-based business search engine, directory and pay-per-click advertising network. It has raised nearly $95 million in VC funding since 1999, from firms like Benchmark Capital, Institutional Venture Partners, McGraw Hill, Cahners Business Information, Financial Times Group and Reed Business Information. www.rhd.com www.business.com