The New York Times Company has a signed letter of intent from Answers.com to buy About.com from the Times for $270 million. But Barry Diller’s IAC is throwing its hat into the ring anyway.
According to Reuters, IAC has offered over $300 million for About.com. Yes, over $300 million.
To make things even more interesting, a source told Reuters that there might be more offers coming for the site. “There are still interested buyers who feel that the $280 million price is low and can be easily matched,” said the source.
No word on if that source was drunk or not.