New York Times Co. has agreed to buy About.com for $410 million - GoFuckYourself.com

jonesy · 02-17-2005, 06:45 PM

The New York Times Co. has agreed to buy About.com from Primedia Inc. in an all-cash deal valued at about $410 million.

The company says the deal will give it the 12th-largest Internet presence and a platform for future growth on the Web. The Times Co., whose digital properties include NYTimes.com and Boston.com, has a current base of 13 million users, while About.com has 22 million monthly users.

About.com has an advertising-supported network of sites run by experts who provide advice on topics ranging from personal finance to consumer electronics. The Times Co. says it expects to operate About.com as a distinct division and expand its content.

Primedia, which is owned by Kohlberg Kravis Roberts & Co., bought About.com in October 2000 for $690 million in stock, but was never able to successfully integrate the property with its stable of enthusiast magazines.

http://www.newyorkbusiness.com/news.cms?id=9963

Jer · 02-17-2005, 06:56 PM

Probably about.com has 410 million pages, $1 per page is cheap

;)

Pornwolf · 02-17-2005, 07:05 PM

That's a big deal. It looks like big internet deals are raining from the sky for those companies that are still standing from the 2000.

digifan · 02-17-2005, 07:10 PM

I thought about.com is worth more...

OzMan · 02-17-2005, 07:32 PM

I think they did it because they were worried that Epic prediction thingy would come true

tungsten · 02-17-2005, 07:34 PM

interesting stuff, didnt know

Rich · 02-17-2005, 07:47 PM

Quote:

Originally Posted by digifan

I thought about.com is worth more...

Is that a joke?

Jayo · 02-17-2005, 07:48 PM

damn what a deal. I wonder how much someone could buy GFY for?

DeanCapture · 02-17-2005, 07:51 PM

Quote:

Originally Posted by jonesy

The New York Times Co. has agreed to buy About.com from Primedia Inc. in an all-cash deal valued at about $410 million.

Fuuuuuuuuuuk!

I knew my offer of $250 mill wasn't going to be enough

DomBuyer · 02-17-2005, 08:00 PM

The NY Times will regret this decision, trust me...

Rui · 02-18-2005, 06:03 AM

Quote:

Originally Posted by digifan

I thought about.com is worth more...

Me too to be honest, they are HUGE , and have been around since ever

02-17-2005, 06:45 PM	#1
jonesy Confirmed User Join Date: Jan 2003 Posts: 6,688	New York Times Co. has agreed to buy About.com for $410 million The New York Times Co. has agreed to buy About.com from Primedia Inc. in an all-cash deal valued at about $410 million. The company says the deal will give it the 12th-largest Internet presence and a platform for future growth on the Web. The Times Co., whose digital properties include NYTimes.com and Boston.com, has a current base of 13 million users, while About.com has 22 million monthly users. About.com has an advertising-supported network of sites run by experts who provide advice on topics ranging from personal finance to consumer electronics. The Times Co. says it expects to operate About.com as a distinct division and expand its content. Primedia, which is owned by Kohlberg Kravis Roberts & Co., bought About.com in October 2000 for $690 million in stock, but was never able to successfully integrate the property with its stable of enthusiast magazines. http://www.newyorkbusiness.com/news.cms?id=9963 __________________ . Shooting Bikini Girls

02-17-2005, 07:05 PM	#3
Pornwolf Drunk and Unruly Join Date: Jan 2002 Location: Hollywood Posts: 22,712	That's a big deal. It looks like big internet deals are raining from the sky for those companies that are still standing from the 2000. __________________ I've trusted my sites to them for over a decade... Webair, bitches.

02-17-2005, 07:10 PM	#4
digifan The Profiler Industry Role: Join Date: Oct 2002 Location: ICQ 76281726 and I'm female Posts: 14,618	I thought about.com is worth more... __________________ [email protected] Webair Rocks

02-17-2005, 07:34 PM	#6
tungsten Too lazy to set a custom title Join Date: Mar 2004 Posts: 10,579	interesting stuff, didnt know __________________ VOYEUR /HOMEMADE, HENTAI / CARTOON, Reality, Amateur, Shemale, Hardcore, Cuckold, Celebrity, Retro/Vintage, ect...ALL OUR SITES >> Unbelievable Ratio \| High % of Rebills \| Bi-Monthly Payments (also to E-Passporte) Ton's of EXCLUSIVE Free content & FHG's \|=> GREAT REVENUE $$$ GUARANTEED!

02-17-2005, 07:48 PM	#8
Jayo Confirmed User Join Date: Jan 2005 Posts: 854	damn what a deal. I wonder how much someone could buy GFY for? __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60. Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.

02-17-2005, 06:56 PM	#2
Jer God is Brazilian Join Date: Feb 2001 Location: Brazil Posts: 10,601	Probably about.com has 410 million pages, $1 per page is cheap ;)

02-17-2005, 07:32 PM	#5
OzMan Confirmed User Join Date: Sep 2003 Location: Los Begas Posts: 9,162	I think they did it because they were worried that Epic prediction thingy would come true

02-17-2005, 08:00 PM	#10
DomBuyer Confirmed User Join Date: Sep 2002 Location: Amalfi Coast Posts: 2,595	The NY Times will regret this decision, trust me...