IAC shares reflect too much negativity, says Needham Needham believes IAC reported good Q4 results and feels the current stock price reflects too much negativity. The firm says the impact of Google's policy changes is not as bad as many expected. Needham recommends investors buy shares of IACI and keeps a Buy rating on the name, despite lowering its price target for shares to $55 from $65.
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