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How much is Answers.com paying to acquire About.com?

How much is Answers.com paying to acquire About.com from the New York Times?


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The New York Times’ is said to have a deal in place to sell About.com to Answers.com for $270 million.

The Answers.com has signed a letter of intent to buy About, according to people familiar with the transaction.

The Times bought About.com for $410 million in 2005. Last year, About CEO Cella Irvine left the company following a string of lousy quarters, but About’s performance has yet to improve
Aug 8th, 2012 at 6:12 PM
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