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Stock Market & Financial Investment News

News Breaks
December 24, 2012
06:44 EDTIACIMeetic buys Belgium's Massive Media
Meetic, the European dating giant majority-owned by IAC (IACI), announce on Friday that it has signed an agreement for the acquisition of Massive Media, the company behind Twoo.com. Based in Gent, Belgium, Twoo is a social discovery service; it allows its users to meet new people via simple features. Pursuant to the acquisition, which should be finalised in early January 2013 once conditions precedent are lifted, Meetic will acquire 100% of the company’s capital and voting rights for a total price of EUR18.9M cash, excluding any earn out associated with the company’s future performance over the coming three years. Reference Link
News For IACI From The Last 14 Days
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October 9, 2014
10:41 EDTIACIHigh option volume stocks
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07:17 EDTIACIIAC 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

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