About.com was for sale

Posted on Wednesday, February 09 2005 @ 1:12 CET by Thomas De Maesschalck

Primedia, a publishing company owned by Kohlberg Kravis Roberts, has put About.com for sale. The bidding is said to have ended yesterday and probably five companies have made a bid, this includes Google, Yahoo, The New York Times Company, AOL and Ask Jeeves.

Final bids are due Tuesday, and the asking price is $350 million to $500 million, they said.

More details at Cnet

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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