, 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
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
, 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
Contact Information:IAC Corporate Communications
IAC Investor Relations
(212) 314 - 7495