1. Acquisitions

    IAC Offers to Buy About.com

    NEW YORK - MARCH 28:  Famed architect Frank Gehry's first New York building, the IAC Building, is seen March 28, 2007 in New York City. The building, still not totally completed, will serve as world headquarters headquarters for Barry Diller's media and Internet empire and is located in Manhattan's Chelsea neighborhood.  (Photo by Mario Tama/Getty Images)

    Mario Tama / Getty Images

    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.”

    Read it at Reuters