IAC Offers to Buy

IAC/InterActiveCorp, which owns The Newsweek Daily Beast Co., has reportedly offered more than $300 million to buy from the New York Times Co., even though it already accepted a bid from for $270 million. 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’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.”