IAC story de-risked following Q4 results, says Deutsche Bank Deutsche Bank believes IAC's Q4 results showed positive trends and points out the company's OIBA growth guidance for 2013 is largely unchanged. The firm says shorts in the stock could face a no-catalyst trade from here and maintains a Buy rating on the name, despite lowering its price target for shares to $62 from $67.
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