IAC/InterActiveCorp: Key Developments
IAC/InterActiveCorp Authorised To Repurchase Up To 21.5 Million Shares Of Outstanding Common Stock
October 27, 2009 |
| 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's Shoebuy.com Delivers Full-Service E-Commerce Solutions For Bruno Magli And Superga
October 7, 2009 |
| Shoebuy.com, an operating business of IAC/InterActiveCorp, announced that is extending its experience creating, managing and marketing e-tail destinations with shopping sites for Bruno Magli and Superga. In addition to designing, operating and hosting the brands' e-commerce sites, Shoebuy.com is also leveraging its expertise in delivering a consumer experience by managing customer service, analytics, returns and marketing for both companies' sites. |
Meredith Corporation And ServiceMagic.com, Operating Company Of IAC InterActiveCorp Form Strategic Partnership
July 28, 2009 |
| Meredith Corporation and ServiceMagic.com, the online destination for homeowners to find reliable contractors and an operating company of IAC/Interactive Corp. announced a multi-media partnership that combines Meredith's home improvement inspiration and content with ServiceMagic.com's national database of 60,000 prescreened and customer-rated home service professionals. The partnership is a fully-integrated solution that capitalizes on both organizations and involves content and revenue sharing. The arrangement pairs the Meredith Women's Network, a online female network of Web sites including home-related properties inspired by the Better Homes and Gardens brand such as BHG.com, DIYadvice.com, Kitchenbathideas.com and Remodelingcenter.com - with ServiceMagic.com's network of prescreened local service professionals. Meredith's will now feature a fully-integrated, customized find-a-pro tool powered by ServiceMagic.com. The free tool will allow consumers using Meredith Web sites to link directly to ServiceMagic.com's database of top-rated local professionals. |
IAC/InterActiveCorp Announces Launch Of Production Company Notional
July 24, 2009 |
| IAC/InterActiveCorp announced the launch of Notional, a video content company. The new production company will create programming of all genres for all demographics, to be distributed across multiple media platforms, including television. |
American Capital Ltd. Completes Sale of People Media To IAC InterActiveCorp Subsidiary
July 16, 2009 |
| American Capital Ltd. announced that, on July 13, it completed the sale of its portfolio company People Media to Match.com, an operating business of IAC InterActiveCorp. American Capital received $57 million in cash proceeds and realized a gain of $15 million in the third quarter from the transaction. People Media is the provider of targeted online dating communities. |
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