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Stock Market & Financial Investment News

News Breaks
July 29, 2014
16:45 EDTIACIIAC's Tutor.com acquires The Princeton Review
IAC announced that its Tutor.com business has signed an agreement to acquire The Princeton Review, a leading test preparation and college admission services company from Charlesbank Capital Partners. Terms of the deal were not disclosed. After the acquisition is completed, Tutor.com and The Princeton Review will be run by Mandy Ginsberg, the current CEO of Tutor.com. The combined business will be part of The Match Group at IAC. The transaction is expected to close on August 1.
News For IACI From The Last 14 Days
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December 16, 2014
09:17 EDTIACIInternet sector upgraded to Attractive from Neutral at Goldman
Goldman upgraded the Americas Internet sector to Attractive to Neutral based on more reasonable valuations, reduced expectations, and strong sector growth. As part of the sector change, the firm upgraded GrubHub (GRUB) to Buy from Neutral, downgraded Shutterfly (SFLY) to Neutral from Buy, and lowered Priceline (PCLN) to Buy from Conviction Buy.
December 8, 2014
06:40 EDTIACIIAC looks to sell majority stake in CollegeHumor, Fortune reports
IAC is looking to sell entertainment website CollegeHumor for around $100M, Fortune reports, citing sources. IAC bought a majority stake in the entertainment website eight years ago for around $20M. Reference Link

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