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About Time: N.Y. Times Sells Site To IAC

  • CNN, Tuesday, August 28, 2012 3 AM

IAC/InterActive Corp. IAC won a month-long bidding war for the question and answer website -- for $300 million. Four weeks ago, had signed a letter of intent to take off the Times' hands for $270 million. The president of, Peter Horan, had previously been the CEO of The interactive media and ad company plans to integrate into its own search engine and question-and-answer service,

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