TITLE

IAC Shares Climb After Match.com Deal

AUTHOR(S)
Schachter, Ken
PUB. DATE
February 2009
SOURCE
Red Herring;2/20/2009, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that shares of Barry Diller's IAC/InterActiveCorp rallied after the company announced plans to sell Match.com's European unit to Meetic, a French online dating company. Under the deal, IAC would sell Match.com's European operations for 27% of Meetic plus $6.4 million in debt. Greg Blatt, who had served as IAC executive vice president and general counsel, will manage IAC's personals business, Match.com, Chemistry.com, and DowntoEarth.com.
ACCESSION #
36646792

 

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