IAC's Ask.com Completes Acquisition of The About Group
NEW YORK, Sept. 24, 2012 /PRNewswire/ -- Today IAC (Nasdaq: IACI) announced that Ask.com has completed the acquisition of The About Group from The New York Times Company (NYSE: NYT) for $300 million in an all-cash deal. The acquisition was previously announced on August 26, 2012.
With nearly 1,000 topic sites and more than three million unique articles, About.com is one of the most comprehensive content and reference libraries on the Internet, offering expert, quality content that helps users find solutions to a wide range of daily needs. Globally, nearly 100 million unique users visit About.com on a monthly basis. Ask.com, with more than 100 million users globally of its own, is one of the leading Q&A destinations on the Internet.
The About Group will join IAC's Search and Applications reporting segment and will be consolidated effective immediately.
IAC (NASDAQ: IACI) is a leading media and Internet company comprised of more than 150 brands and products, including Match.com, Ask.com, CollegeHumor, and CityGrid Media. Focused in the areas of Search, Personals, Local and Media, IAC's family of websites is one of the largest in the world, with nearly a billion monthly visits across more than 30 countries. The company is headquartered in New York City with offices in various locations throughout the U.S. and internationally. To view a full list of the companies of IAC, please visit our website at www.iac.com.
IAC Corporate Communications
Justine Sacco / email@example.com
IAC Investor Relations
Nick Stoumpas / firstname.lastname@example.org
(212) 314 - 7495
More by this Source
IAC Reports Q4 Results
Feb 05, 2014, 07:30 ET
IAC to Audiocast Q4 2013 Earnings Conference Call
Jan 23, 2014, 16:30 ET
IAC Reorganizes, Greg Blatt to become Chairman of IAC's newly-created Match Group
Dec 19, 2013, 08:40 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.