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Acquisitions IAC Offers to Buy About.com Mario Tama / Getty Images

IAC Offers to Buy About.com

IAC/InterActiveCorp, which owns The Newsweek Daily Beast Co., has reportedly offered more than $300 million to buy About.com from the New York Times Co., even though it already accepted a bid from Answers.com for $270 million. About.com features 900 topic sites that often appear high in search results. The New York Times Co. originally bought the company for $410 million in 2005, but wrote down About.com’s value to $195 million last month. A source said, “There are still interested buyers who feel that the $280 million price is low and can be easily matched.”

August 21, 2012 5:19 PM