Barry Diller’s IAC To Buy About.com From New York Times For $300 Million

Posted on Aug 27 2012 - 6:05am by Editorial Staff

IAC has announced that Ask.com agreed to acquire 100% of The About Group from The New York Times Company. The total stake deal result in $300 million (all in cash) as acquisition cost. There are nearly 1,000 topic sites and more than three million unique articles, with comprising of across 90,000 topics helping users find solutions to a wide range of daily needs. About.com sees a total of around 100 million unique users visit on a monthly basis. The deal was signed on Sunday August 26, 2012 and will be the all cash with transaction is expected to close in the next several weeks.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.