IAC unlikely to announce Match spin-off tomorrow, says Benchmark Co. Benchmark Co. does not expect IAC to announce a spin-off of Match.com tomorrow when reporting earnings before the market opens. No announcement could drive shares lower, Benchmark Co. believes, but it raised its price target for the stock to $80 and keeps a Buy rating on the name.
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