About.com sold to Conglomerate IAC valued at USD 300 Million
Site information, reviews, and how to About.com has officially owned by conglomerate IAC, Barry Diller. The New York Times melego the site with a price of USD 300 million. The previous site was ever offered to Answer.com is priced at EUR 270 million.
About.com is a site that offers a number of information and knowledge related to the content of the visitors guide or how to. Users can search for any article you want also to review products for free.
AllThingsD first reported if Answers.com was lurking this site with price range USD 270 million. But then Reuters reported in this week if Barry Diller got a higher bid of USD 30 million.
Barry Diller is Chairman and Senior Executive of IAC (InterActiveCorp) and media executive at Fox Broadcasting Company and USA Broadcasting. He has a wealth of figures expected to touch USD 1.6 billion (2012).
Barry Diller, owner of the new About.com
About.com own according to a report in The New York Times has a pretty bright future before sale. The site was estimated to be worth up to USD 195 million. IAC's own held a number of popular web properties. Like Macth.com, Vimeo, and Ask.com.
"About.com has been a strong contributor to our company since its acquisition in 2005," the light of Arthur Sulzberger Jr., Chairman of The New York Times in its official statement.