TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Barry Diller’s IAC Offers Over $300 Million for About.com Just for The Hell of It

The New York Times Company has a signed letter of intent from Answers.com to buy About.com from the Times for $270 million. But Barry Diller’s IAC is throwing its hat into the ring anyway.

According to Reuters, IAC has offered over $300 million for About.com. Yes, over $300 million.

To make things even more interesting, a source told Reuters that there might be more offers coming for the site. “There are still interested buyers who feel that the $280 million price is low and can be easily matched,” said the source.

No word on if that source was drunk or not.

Mediabistro Course

Magazine Writing

Magazine WritingStarting September 4, learn how to get your work in top publications! You'll learn how to create captivating stories editors will want and readers will love, understand which magazines are right for your stories, craft compelling pitch letters, and more! You'll leave this class with two polished articles and corresponding pitch letters. Register now!