Key Developments For IAC/InterActiveCorp
IAC/InterActiveCorp (IACI.O) (Nasdaq)
IAC/InterActiveCorp Authorised To Repurchase Up To 21.5 Million Shares Of Outstanding Common Stock
IAC/InterActiveCorp announced that during the third quarter, it repurchased 5.6 million shares at an average price of $16.69 per share. The Company is currently authorized by its Board of Directors to repurchase up to 21.5 million shares of its outstanding common stock. IAC may purchase shares over an indefinite period of time, depending on those factors IAC management deems relevant at any particular time, including, without limitation, market conditions, share price, and future outlook.
IAC/InterActiveCorp Seeks To Sell Media Email Tipsheet-DJ
Dow Jones reported that according to The New York Post, IAC/InterActiveCorp has been shopping media email tip sheet Very Short List for the past few months, citing multiple sources. Sources said it is in active discussions with several buyers and a deal is expected in the not too distant future. Among those possibly interested are The Pilot Group and New York Observer owner Jared Kushner, while the founders of VSL are considering a management buyout.
IAC/InterActiveCorp's AT&T Interactive And Citysearch Announces Distribution Agreement
AT&T Interactive and Citysearch, an operating business of IAC/InterActiveCorp announced a distribution agreement that integrates Citysearch user reviews, editorial content and business profiles into YELLOWPAGES.COM (YP.COM). The additional content on YP.COM offers consumers access to even more comprehensive information when searching locally. YP.COM advertisers benefit from increased consumer engagement, while Citysearch advertisers have another opportunity for online placements on a top 30 website(1).
IAC InterActiveCorp's CollegeHumor Media Announces Acquisition of SportsPickle.com
CollegeHumor Media, a collection of online entertainment companies operated by IAC InterActiveCorp announced the acquisition of SportsPickle.com. Terms of the deal have not been disclosed.
Meetic To Acquire Match.com's European Operations From IAC InterActiveCorp
IAC InterActiveCorp and Meetic announced that they have entered into an agreement for Meetic to acquire Match.com's European operations from IAC. IAC will sell 100% of the stock of the entity that houses Match.com's European operations for an approximate 27% stake in Meetic, plus a EUR5 million note. Additional terms of the transaction are not being disclosed.
