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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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April 14, 2014
10:23 EDTIACIHigh option volume stocks: CCL WCG LSI INTU IACI
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April 11, 2014
15:53 EDTIACIPalihapitiya confirms sale of Tinder stake for 'much less' than $500M to IAC
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15:06 EDTIACIIAC says Tinder deal not at $5B valuation, Forbes says
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13:56 EDTIACIIAC takes additional 10% stake in Tinder, Bloomberg says
IAC has purchased another 10% stake in dating app Tinder, which it already majority owns, for $500M, reports Bloomberg, citing people with knowledge of the deal. Shares of IAC are up 4% in afternoon trade following the report. Reference Link
April 7, 2014
09:31 EDTIACIElectus acquires rights to Crazy market from CJ E&M
Electus, an operating business of IAC, announced that it has acquired rights to Crazy Market from CJ E&M. The show currently airs in Korea, and the acquisition marks Electus' first deal in the country. Electus International plans to distribute the program globally at MIPTV. Tim Puntillo's production company, Format First Productions, will be adapting the show for the United States market.

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