IAC/InterActiveCorp

News and overview for IAC/InterActiveCorp

Facebook and Twitter Founders Join Net Neutrality Wars
Wall Street Journal, The | 36 days 47 minutes ago
Fed up with a barrage of letters that arrived at the FCC last week from net-neutrality opponents (or lawmakers urging a cautious approach toward the new rules), a coalition of Internet companies are urging the FCC chairman to hold steady.


AT&T, Google Spar Over Web Rules
Wall Street Journal, The | 32 days 28 minutes ago
WASHINGTON—There's nothing neutral in the battle between AT&T Inc. and Google Inc. over the future of the Internet.


Media Mavens
Forbes | 32 days 8 hours 10 minutes ago
Anne Cox Chambers $9 bil Cox Enterprises. Atlanta. 89. James C. Kennedy $4.5 bil Cox Enterprises. Atlanta. 61.Article Controlsemail


Vivendi Board May Decide to Sell NBC Universal Stake, Triggering GE's Exit
Bloomberg | 41 days 6 hours 29 minutes ago
Oct. 13 (Bloomberg) -- Vivendi SA's board will weigh the sale of its 20 percent stake in NBC Universal tomorrow, a decision that could ultimately allow Comcast Corp. to buy the entire theme-park, film and television company.


AT & T poised to lose key FCC vote on net neutrality proposal
Los Angeles Times | 32 days 20 hours 33 minutes ago
Tech firms seeking unfettered access to the Internet are expected to prevail despite a lobbying blitz by AT & T and other old-line telecom and cable companies.


Ancestry.com prices 7.4 million shares in IPO, expects to raise $100 million before allotments
Sun (Baltimore), The | 32 days 21 hours 41 minutes ago
Genealogy Web site Ancestry.com Inc. plans to sell about 7.4 million shares in an IPO to raise about $100 million.


Ancestry.com expects to raise $100 million in IPO - National Business - MiamiHerald.com
Miami Herald, The | 33 days 8 hours 14 minutes ago
NEW YORK -- Genealogy Web site Ancestry.com Inc. plans to sell about 7.4 million shares in an IPO to raise about $100 million.


Ancestry.com expects to raise $100 million in IPO - Business Wire - SunHerald.com
Sun Herald (Biloxi-Gulfport, Miss.), The | 33 days 8 hours 10 minutes ago
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Ancestry.com expects to raise $100 million in IPO
Seattle Times, The | 33 days 8 hours 5 minutes ago
NEW YORK Genealogy Web site Ancestry.com Inc. plans to sell about 7.4 million shares in an IPO to raise about $100 million. The Provo, Utah-based company expects to price the shares between $12.50 and $14.50 apiece. Underwriters are being offered up to an additional 1.1 million shares to cover overallotments, which would boost total proceeds to about $115 million.


Expedia Profit Rises 23%
Wall Street Journal, The | 25 days 11 hours 33 minutes ago
BY TESS STYNES Expedia Inc.'s third-quarter earnings rose 23% amid higher bookings and increases in hotel and car rental revenue.


Corporate Earnings
Denver Post, The | 26 days 11 hours 48 minutes ago
Valero Energy The largest independent petroleum refiner in the U.S.


Earnings reports | Valero margins squeezed by rising crude prices
Kansas City Star (Mo.), The | 26 days 23 hours 22 minutes ago
Valero, the largest independent petroleum refiner in the U.S., lost $489 million, 87 cents a share, for the three months that ended in September. That compared with a profit of $1.2 billion, $2.18 a share, a year ago.





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Company Overview


Company: IAC/InterActiveCorp
Industry: Internet Content Providers
Website: http://www.iac.com

IAC/InterActiveCorp (IAC) satisfies inquisitive minds who want to explore local hot spots, meet the right partner, find a contractor, and maybe even host a party or two. The Internet conglomerate owns more than 35 Web companies, including search engine Ask.com, local guide Citysearch, dating site Match.com, home service provider network ServiceMagic, and online-invitation firm Evite. Formerly a jumble of disparate assets that included cable-TV networks, travel services, and mortgage lending, the company has slimmed down to focus on the online search and content market. To achieve this goal, it split into five public companies in 2008, with IAC retaining the Web properties. IAC is controlled by CEO Barry Diller.


Key Numbers

Sales in U.S. Dollars (mil.) 1,445.1 (2008)
One-year % Growth in Sales -77.3 (2008)
Net Income in U.S. Dollars (mil.) -156.2 (2008)
One-year % Growth in Net Income 0.0 (2008)
Number of Employees 3,200 (2008)
One-year % Growth in Number of Employees -84.8 (2008)
Fiscal Year-End December