Demand Media new CEO hire brings two major advantages, says B. Riley B. Riley said Demand Media's (DMD) hiring of Sean Moriarity as CEO bring two major advantages, a proven executive in the Los Angeles area and one with deep relationships with IAC Interactive (IACI). The analyst believes Demand Media will try to sell itself to IAC Interactive once the spin is complete. Shares are Buy rated wit a $21 price target.
IAC in talks to buy Korean web video service DramaFever, Re/code reports Korean web video service DramaFever is looking to either sell the company or raise a round of funds, and IAC (IACI) has held talks to buy the company, Re/code reports. DramaFever has also talked to AMC Networks (AMCX) about helping the programmer launch its own Web video subscription services. Valuations for DramaFever have ranged between $80-140M. Reference Link