Barry Diller Shows Up Late, Gets What He Wants: IAC to Buy About.com From New York Times for $300 Million
Source: allthingsd.com - Sunday, August 26, 2012
The New York Times, which was set to sell its About.com unit to Answers.com, now looks ready to sell it to Barry Diller instead. People familiar with the transaction say the Times now plans to sell About to Diller’s IAC conglomerate for about $300 million. The Times had previously planned to sell About to Answers for about $270 million. Diller lobbed in his offer after AllThingsD broke the news o