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IAC says in five-year advertising deal with Google

NEW YORK
Mon Nov 5, 2007 11:38am EST

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NEW YORK (Reuters) - Internet conglomerate IAC/InterActiveCorp (IACI.O) said on Monday it reached a deal to have Google Inc. (GOOG.O) as its sponsored listing provider for the next five years.

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IAC said the transaction would be worth "in excess" of $3.5 billion to it.

The announcement came on the same day IAC announced plans to spin off four of its biggest divisions, including its HSN shopping network.



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