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$300 million acquisition price includes About.com, ConsumerSearch.com and CalorieCount.com and the deal will close in the next several weeks. Full release below.
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.
The source also confirmed that although Answers.com had also been interested in the information portal, its offer — reportedly valued at $270 million — was in debt and equity in Answers.com. [techcrunch.com...]
Usually taken from elsewhere, by someone who doesn't personally know what they are writing about...
Jennifer Kyrnin has been a professional web developer and has been assisting others to learn web Design, HTML, CSS, and XML since 1995...
Jennifer has written three books about the Internet, including two on web design and HTML. Her most recent book is about building HTML5 web applications for mobile devices.
No, no, no. That's incorrect. That might be true for sites like eHow or Wikipedia but that is not true for About.com. About.com is authoritative, head and shoulders more authoritative than Wikipedia. On About.com you can verify the credentials of the authors. About.com content is solid. I would rather see that in SERPs instead of Google's crutch, Wikipedia. Wikipedia is not authoritative.