They don't have $270 million on hand. They are looking for financing. | Hacker News

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		ahi on Aug 8, 2012 \| parent \| context \| favorite \| on: New York Times Set to Sell About.com for $270 Mill... They don't have $270 million on hand. They are looking for financing.

lrs on Aug 8, 2012 [–]

Whoops, my mistake - thanks for the correction.

Still baffled by how answers.com expects to get $270M of financing to buy about.com. To anyone who has ever clicked a link to either of those domains from a Google query, the headline must seem Onion-like.

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