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Times to Sell About Group to IAC/Interactive for $300 Million

The New York Times Company has agreed to sell the About Group, which includes the About.com network of topic sites, to Barry Diller’s IAC/InterActiveCorp for about $300 million in cash, the company said on Sunday.

 

Times Co. Said to Reach Preliminary Deal to Sell About.com

About.com

The New York Times Company has a letter of intent to sell the online resource guide to Answers.com, an online question-and-answer site, for $270 million, according to an executive familiar with the negotiations.

 

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