New York - Forbes Media, the New York-based publisher of business news and information, has acquired Investopedia.com, a privately held, Canada-based website for investor education.

Financial terms of the deal were not disclosed.

"When Forbes announced our partnership with Elevation Partners, we said we wanted to accelerate our pursuit of exciting opportunities for growth," said Steve Forbes, president and CEO of the company.

"This acquisition of Investopedia.com clearly demonstrates there are excellent companies to acquire that will enhance and grow Forbes Media in a strategic way."

Related Links:
http://biz.yahoo.com/bw/070411/20070411005965.html?.v=1

http://www.forbes.com

http://www.investopedia.com