New York Times is about to sell About.com for $270 million to Answers.com ,according to an executive who is familiar with the negotiations between the two parts.

Even though the company’s spokesman didn’t want to confirma the rumor and said only that : “It is the policy of the company not to comment on rumors of potential acquisitions and divestitures,” ,it seems that the online resource guide,About.com,will soon change hands .

Rumors say that Answer.com has already signed a letter of intent to New York Times and offers them $270 million to close the transaction.

The New York Times acquired About.com seven years ago,in 2005 for about $400 million.According to the latest reports released by the company,revenues for the About Group declined 8.7% .

This sale was first reported on the AllThingD.com website .

An arbitrator with the National Arbitration Forum has awarded the domain name MicrosoftSafetyscanner.com to Microsoft.The company filed a complaint with the National Arbitration Forum on June 12,2012,asserting legal rights over the disputed domain name .

Microsoft has managed to demonstrate that it has launched its new Microsoft Safety Scanner before the respondent registered the domain name,on May 11,2011 .

Microsoft has many trademark registrations for the “Microsoft” mark all over the world.Therefore,it is more than obvious that the disputed domain name is confusingly similar to its trademark.The company also contended and managed to demonstrate that the respondent has no rights in the disputed domain name and that it has used the disputed domain name in bad faith :

“Respondent registered and is using the domain name to attract, for commercial gain, Internet users to the domain name by creating a likelihood of confusion as to the source of the disputed domain name. Complainant argues that Respondent has attempted to commercially benefit from this likelihood of confusion by creating an association with Complainant’s mark and taking advantage of the goodwill established in the mark.”

The Panel ordered the disputed domain name to be transferred from the respondent to the complainant.

You can read the decision here .