Featured Articles

HP Stream is a Chromebook killer priced at $200

HP Stream is a Chromebook killer priced at $200

We have been hearing reports of a new breed of affordable Windows notebooks for months. It is alleged that a number…

More...
AMD Radeon R7 SSD line-up goes official

AMD Radeon R7 SSD line-up goes official

AMD has officially launched its first ever SSDs and all three are part of AMD’s AMD Radeon R7 SSD series.

More...
KitKat has more than a fifth of Android users

KitKat has more than a fifth of Android users

Android 4.4 is now running on more than a fifth of Android devices, according to Google’s latest figures.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 22 August 2012 09:24

IAC wants to buy About.com

Written by Nick Farrell



$300 million outbids the Answers.com

About.com is at the centre of a bidding war which Barry Diller's IAC/Interactivecorp appears to be winning.

Diller has submitted an offer in excess of $300 million to buy the About.com information website from the New York Times. IAC's bid is above the $270 million offer that the Times preliminarily accepted from Answers.com. This site was backed by private equity firms Summit Partners and TA Associates. Answers.com President Peter Horan previously served as head of About.com.

About.com consists of more than 900 "topic sites," which feature articles on everything from parenting and cooking to travel and technology that are geared to appear high in search results. The portal makes its money by selling advertising against its content. However About.com sank after Google made changes to its search algorithm designed to return high-quality results.

The Times wrote down the value of the group by $195 million. The company originally paid $410 million for About.com in 2005.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments