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Slide #55. Blucora — HowStuffWorks
Blucora, Inc. (NASDAQ:BCOR) and Discovery Communications (NASDAQ:DISCA) today announced they have entered into a definitive agreement for Blucora to acquire the assets and operations of HowStuffWorks, a trusted digital information resource, from Discovery Communications, the world's #1 pay-TV programmer. The all-cash transaction is expected to close in the second quarter of 2014, subject to customary closing conditions.
Blucora is a provider of technology-enabled financial solutions. Co. has two reportable segments: Wealth Management and Tax Preparation. The Wealth Management business consists of the operations of Avantax Wealth Management, which provides tax-focused wealth management solutions for financial advisors, tax preparers, certified public accounting firms, and their clients and is a tax-focused independent broker-dealer. The Tax Preparation business consists of the operations of TaxAct, Inc., which provides digital do-it-yourself tax preparation solutions for consumers, small business owners and tax personnel through its website www.TaxAct.com.
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