Key Developments: IAC/InterActivecorp (IACI.O)
50.47USD
22 May 2013
$-0.85 (-1.66%)
$51.32
$51.03
$51.56
$50.11
805,937
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$55.57
$38.20
Latest Key Developments (Source: Significant Developments)
Perion Network Ltd Announces Three-Year Search Partnership With IAC/InterActivecorp's Ask.com
Perion Network Ltd announced it has entered into a three year non-exclusive search and distribution relationship with Ask.com, a long-time recognized Q&A brand and a search industry and an operating business of IAC/InterActivecorp. By partnering with Ask.com, Perion will be able to offer its users Ask's, customized search experience and applications. Ask provides general search services as well as direct answers to natural language questions to more than 100 million global users. It`s also a demonstrated in delivering customized search solutions to software companies worldwide. Full Article
IAC/InterActivecorp Declares Quarterly Cash Dividend
IAC/InterActivecorp announced that its Board of Directors declared a quarterly cash dividend of $0.24 per share of common and class B common stock outstanding with record and payment dates of May 15, 2013 and June 1, 2013, respectively. Full Article
IAC/InterActivecorp Declares Quarterly Cash Dividend
IAC/InterActivecorp announced that its Board of Directors declared a quarterly cash dividend of $0.24 per share of common and class B common stock outstanding with record and payment dates of February 15, 2013 and March 1, 2013, respectively. Full Article
IAC/InterActivecorp Acquires Tutor.com
IAC/InterActivecorp announced that the Company has completed the acquisition of Tutor.com, an online tutoring solution. Terms of the deal were not disclosed. Full Article
IAC/InterActivecorp Announces Pricing Of Senior Notes Offering
IAC/InterActivecorp announced that it has agreed to sell $500 million aggregate principal amount of 4.75% senior notes due 2022 (the Notes) in a private offering (the Offering). The Notes will be guaranteed by certain subsidiaries of IAC. The Offering of the Notes is expected to close on December 21, 2012 . IAC plans to use the net proceeds of the Offering for general corporate purposes. Full Article
IAC/InterActivecorp Announces Senior Unsecured Notes Offering
IAC/InterActivecorp announced that it intends to commence an offering of $500 million aggregate principal amount of senior unsecured notes in a private offering. The Notes will be guaranteed by certain subsidiaries of IAC. The maturity, interest rate and other terms of the Notes will be determined at the time of sale. IAC plans to use the net proceeds of the Offering for general corporate purposes. Full Article
Vringo Inc Says Jury Supports Patent Case Against IAC/InterActiveCorp-owned IAC Search & Media, Others-Reuters
Reuters reported that Vringo Inc said a jury had asked five companies, including Google Inc to pay about $30 million for infringing its patents. The court-appointed jury upheld the validity of Vringo's patents and asked Google Inc to pay $15.8 million, AOL Inc $7.9 million, IAC/InterActiveCorp-owned IAC Search & Media $6.6 million and Gannett Co Inc $4.3 million, Vringo said. Vringo inherited the lawsuit after it acquired Innovate/Protect (I/P), a company which specializes in monetizing intellectual property, in March. I/P had filed a patent infringement lawsuit against AOL Inc, Google Inc, IAC/InterActiveCorp, Gannett Co Inc and Target Corp. After finding that the patent claims were both valid and infringed by Google Inc, the jury found that reasonable royalty damages should be based on a "running royalty", and that the running royalty rate should be 3.5%, Vringo Inc said. Full Article
IAC/InterActivecorp Comments On FY 2013 Guidance
IAC/InterActivecorp announced that for fiscal 2013, it expects to have solid double digit revenue and profit growth on a consolidated basis. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $3.17 billion and EPS of $3.55 for fiscal 2013. Full Article
New York Times Co Completes Sale Of About Group To IAC
New York Times Co announced the closing of the sale of its About Group, which includes the Web sites of About.com, ConsumerSearch.com and CalorieCount.com, to IAC/InterActivecorp for $300 million in cash, plus adjustments for working capital. The Company estimates the net after-tax proceeds from the sale will be approximately $290 million and plans to use the sale proceeds for general corporate purposes. Full Article
IAC/InterActivecorp Acquires DateHookup
IAC/InterActivecorp announced that it has completed the acquisition of one of the online dating sites in the United States, DateHookup.com. DateHookup was founded in 2002. financial terms were not mentioned. Full Article
Media executive joins Los Angeles technology incubator Science
April 8 - Jason Rapp, a former executive at IAC/InterActivecorp and the New York Times Company , has joined Science Inc, the Los Angeles technology incubator and investment group, as a managing partner, Science said Monday.
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