M&A Deal Summary

IAC Acquires About.com

On August 27, 2012, IAC acquired digital media company About.com from The New York Times for 300M USD

Acquisition Highlights
  • This is IAC’s 1st transaction in the Digital Media sector.
  • This is IAC’s 6th largest (disclosed) transaction.
  • This is IAC’s 17th transaction in the United States.
  • This is IAC’s 2nd transaction in New York.

M&A Deal Summary
Date 2012-08-27
Target About.com
Sector Digital Media
Buyer(s) IAC
Sellers(s) The New York Times
Deal Type Divestiture
Deal Value 300M USD

Target

About.com

New York, New York, United States
About.com is a web collection of user-generated content covering a variety of topics and subjects. It was formed in 1996 and is based in New York City.

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Buyer(S) 1

Buyer

IAC

New York, New York, United States
Category Company
Sector Digital Media
Employees9,500
Revenue 4.4B USD (2023)
DESCRIPTION

IAC is a media and Internet company focused in the core areas of search, applications, online dating, local and media. IAC's network of sites have over a billion total monthly visits in more than 100 countries. The company is headquartered in the Chelsea neighborhood of New York City with business operations and satellite offices around the world. IAC is based in New York, New York.

DEAL STATS #
Overall 17 of 23
Sector (Digital Media) 1 of 1
Type (Divestiture) 1 of 3
State (New York) 2 of 3
Country (United States) 17 of 21
Year (2012) 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-27 The Princeton Review

Framingham, Massachusetts, United States

The Princeton Review is a proivder of test preparation and college admission services company. Every year it helps millions of college- and graduate school-bound students achieve their education and career goals through its test preparation, tutoring, and admissions services, its online resources, and its more than 150 print and digital books published by Random House LLC.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 Tutor.com

New York, New York, United States

Tutor.com is an online tutoring company with a community of more than 3,000 expert tutors and more than 11 million one-to-one tutoring sessions completed.

Buy -

Seller(S) 1

SELLER

The New York Times

New York, New York, United States
Category Company
Founded 1851
Sector Publishing
Employees5,900
Revenue 2.4B USD (2023)
DESCRIPTION
The New York Times Co.'s corporate headquarters in New York City.
The New York Times Co.'s corporate headquarters in New York City.

The New York Times is a multinational media company. The Company's flagship news publication is the The New York Times newspaper, offered both in print and online. The New York Times was formed in 1851 and is based in New York City.

DEAL STATS #
Overall 3 of 4
Sector (Digital Media) 1 of 1
Type (Divestiture) 3 of 3
State (New York) 1 of 1
Country (United States) 3 of 4
Year (2012) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-06 The New York Times Regional Media Group

Daytona Beach, Florida, United States

The New York Times Regional Media Group is a publisher of weekly and daily newspapers.

Sell $143M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-03 The Boston Globe

Boston, Massachusetts, United States

The Boston Globe is a daily newspaper serving the Boston metropolitan area.

Sell $70M
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