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Archive Home > 2012 > August > 28 > New York Times to sell About.com

New York Times to sell About.com

By The Associated Press / The Bulletin
August 28, 2012

NEW YORK — The New York Times Co. is selling its troubled online information service, About.com, to the parent company of Ask.com for $300 million in cash.

That offer trumped a $270 million bid from Answers.com that was reported three weeks ago.

The Times and IAC/InterActiveCorp....

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