IAC May Buy About.com From NYT
Reuters, Wednesday, August 22, 2012 3:39 PM
The New York Times may be selling About.com to Barry Diller's IAC/Interactivecorp, which just made a bid of more than $300 million for the Web site -- higher "than the $270 million offer that the Times Co has preliminarily accepted from Answers.com," according to an anonymous source cited by Peter Lauria and Jennifer Saba. Naturally, everyone involved declined to comment further on the record.
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