CommanderFrank
Cat Can't Scratch It
- Joined
- May 9, 2000
- Messages
- 75,399
Sources close to parties involved report that a deal has been made for About.com, CalorieCount.com and ConsumerSearch.com from The New York Times to IAC, a media conglomerate for the sum of $300 million in cash, closing the deal within the next few weeks.
While the New York Times is taking a major hit with the About.com sale price, the company at least won’t have to worry about future losses from the lackluster web property.