Report: New York Times Selling About.com To Answers.com For $270 Million
2012 August 8
According to a AllthingsD.com, the New York Times is selling About.com to Answers.com for $270 Million dollars.
“”AllthingsD goes on to say, the deal hasn’t closed yet, and I’m told that Answers’ backers — PE firms Summit Partners and TA Associates — are trying to line up financing.”
“The Times bought About, the precursor to “content farms” like Demand Media, for $410 million in 2005. ”
“Last month, the Times took a $195 million goodwill write-down on the unit, which is largely dependent on search traffic from Google.”
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low price sale more due to the NYT crisis or to an About.com crisis?
Answers.com is probably a better fit for About.com, they have more similar business models than the NYT. NYT probably got outside their focus.
nice sale
And wasn’t Answers.com somehow a spin-off of AskJeeves.com?
About.com sells for $300 million:
http://www.deadline.com/2012/08/nyt-co-agrees-sell-about-com-barry-dillers-iac-300-millio/
Reported it on thedomains.com facebook page earlier today
Face what?
Funny
We do post 10-15 extra stories a day over on our facebook page which is at https://www.facebook.com/thedomains.co
also on Twitter@thedomains