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purchase of the About Group

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Barry Diller’s IAC/InterActiveCorp has informed that the company is buying the About Group from New York Times. It agreed to pay $300 million in cash. The purchase of the About Group will help the company expand its Ask.com informational- website business. The purchase of the About Group is the latest one for Barry Diller who has been building his company out of collection of firms such as Match.com, Newsweek and The Daily Beast. In making his bid, he surpassed the Answer.com’s offer of $270 million.

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