New York—The New York Times Co. has a deal in place to sell About.com to Answers.com for $270 million, according to a report on AllThingsD.com.
According to the report
, the deal has not yet closed and Answers.com's backers—private equity companies Summit Partners and TA Associates—are trying to line up financing.
The Times Co. acquired About.com for $410 million in 2005. Last month, the company took a $195 million goodwill write-down on the unit, according to AllThingsD.