IAC Buys About.com From The New York Times For $300M In Cash

http://en.wikipedia.org/wiki/About.com

Both AllThingsD and Reuters have reported a deal in the works, and we have now confirmed with a source very close to the situation that IAC is buying About.com from the New York Times Company for an all-cash sum in the region of $300 million. TechCrunch has also learned that the news is due to be made official either later tonight or tomorrow morning.

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Story added 27. August 2012, content source with full text you can find at link above.