According to a report from Reuters.com today Bary Diller’s IAC is getting into a bidding war with Answers.com over About.com and Demand Media, Inc. may have interest in About.com as well.
Reuters.com is saying that Interactive corp (IAC) submitted an offer in excess of $300 million to buy About.com from the New York Times Co.
Answers.com reportedly offered $270 million a week ago.
The report says that a “number of companies including Demand Media Inc had proactively approached About.com”
“Representatives for IAC and Demand Media declined comment. A Times Co representative said that the company “does not comment on potential acquisitions or divestitures.”
We will keep an eye on this one.
diller could make about.com as big as myspace. somebody needs to tell him… time to retire old man.
A vast consipracy of “I need to reinvent myselfs” – just wait until Mark Zuckerberg joins the crowd and the Zynga clown as well.