Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

IAC Said to Bid More Than $300 Million for Times’

Barry Diller’s IAC/InterActiveCorp offered more than $300 million to buy how-to site from New York Times Co., topping a bid from Answers Corp., two people with knowledge of the matter said.

IAC, which runs a similar website called, outbid the earlier $270 million offer from Answers. Times Co. can’t consider any other offers until the end of an exclusive negotiating period with Answers, during which Answers’ bid can be adjusted, said one of the people, who both asked not to be identified because the offer hasn’t been announced publicly., which relies on freelancers to produce stories and how-to videos on topics such as making a stir-fry or preventing a tattoo from stretching, has struggled to attract traffic and advertising dollars. By contrast, New York-based IAC saw revenue from and its other search-related sites climb 46 percent to $348.8 million last quarter.

Times Co. has been unloading businesses and tightening focus on its media brand. It sold its stake in Fenway Sports Group, owner of the Boston Red Sox, for $93 million this year and completed the sale of its regional newspaper division for $143 million. The publisher still owns the Boston Globe and Worcester Telegram & Gazette newspapers.

Times Co. purchased for $410 million in 2005. Its revenue fell 8.7 percent to $25.4 million last quarter, and it posted an operating loss of $186.8 million as the publisher wrote down the value of the business unit to $172.5 million.

Dating Sites

IAC, founded by billionaire Diller, 70, runs dating sites and OKCupid and has a controlling stake in Newsweek/Daily Beast Co.

Stacy Simpson, a spokeswoman for IAC, declined to comment. Abbe Serphos, a spokeswoman for Times Co., said the company doesn’t comment on potential divestitures.

Times Co. said Aug. 8 it was in negotiations to sell, without giving details. A person with knowledge of the deal said then the company was trying to sell the property to St. Louis-based Answers.

Answers, the closely held operator of instructional site, didn’t respond to a request for comment. The IAC bid was previously reported by Reuters.

Times Co. fell less than a percent to $9.20 at the close in New York. The shares gained 19 percent this year. IAC slid less than a percent to $51.69.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.