IAC Shares Climb After Match.com Deal

Schachter, Ken
February 2009
Red Herring;2/20/2009, p1
Trade Publication
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.


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