IAC Inc.
 | |
| Company type | Public |
|---|---|
| Nasdaq: IACI | |
| ISIN | US44891N1090  |
| Industry | Internet |
| Founded | 1995 |
| Headquarters | IAC HQ New York, NY USA |
Area served | Worldwide |
Key people | Barry Diller (Chairman) & (Senior Executive) Greg Blatt (CEO) |
| Products | Interactive Online |
| Revenue |  $1.64 billion as of 2010 |
| $ 169.20 million as of 2010 | |
| $ 99.36 million as of 2010 | |
| Total assets |  $ 3.44 billion as of 2010 |
| Total equity | $ 2.43 billion as of 2010 |
Number of employees | 3,200 as of March 2011 |
| Website | http://www.iac.com |
InterActiveCorp (legal name: IAC/InterActiveCorp) is an American internet company with over 50 brands across 40 countries headquartered in New York City.[1] The Chairman and Senior Executive is Barry Diller,[2][3] who was previously head of Paramount Pictures, Fox Broadcasting, and USA Broadcasting.
History
IAC was incorporated in 1986 under the name Silver King Broadcasting Company as a subsidiary of Home Shopping Network. In 1992, Silver King was spun-off to Home Shopping Network shareholders as a separately traded public company.
The company has undergone several name changes. February 1998: HSN, Inc. was renamed USA Networks, Inc. May 2002: USA Networks, Inc. was renamed USA Interactive June 2003: USA Interactive was renamed InterActiveCorp July 2004: InterActiveCorp was renamed IAC/InterActiveCorp
In August 2008, IAC spun off several of its businesses, including: Tree.com (Nasdaq: TREE), the Home Shopping Network, Ticketmaster, and Interval Leisure Group (Nasdaq: IILG).[4]
In February 2011, IAC acquired the free-to-contact dating site, OkCupid, for $50 million.[5]
In April 2011, IAC extended the deal with Google to hand over all search advertising on Ask.com and other IAC search products to the search giant, which was worth $3.5 billion in 2007, to end on March 31, 2016.[6]
On February 14, 2012, Barry Diller introduced Aereo, an Internet television service. In March 2012 in New York City, Aereo will stream all of the broadcast networks to smartphones, tablets and televisions with Internet capability.[7]
On August 26, 2012, IAC acquired About.com (The About Group) from The New York Times.[8]
Businesses
IAC owns a number of companies and websites including:[9]
Notes
- ^ Our Brand Locations | IAC
- ^ "IAC/InterActiveCorp | Company profile from Hoover's". Hoovers.com. Retrieved 2010-09-11.
- ^ "IAC/InterActiveCorp's Stock (IACI) on Yahoo! Finance". Finance.yahoo.com. Retrieved 2010-09-11.
- ^ "IAC: And Then There Were Five". Forbes. Retrieved June 13, 2010.
- ^ "IAC's Match.com buys rival OKCupid for $50M". Bloomberg. Retrieved 2 February 2011.
- ^ Leena Rao, Techcrunch. "IAC Asks For More Google, Please." April 11, 2011. Retrieved April 11, 2011.
- ^ Stelter, Brian
work=The New York Times (2012-02-14). "New Service Will Stream Local TV Stations in New York". Retrieved 2012-02-23.
{{cite news}}: Missing pipe in:|first=(help); line feed character in|first=at position 6 (help) - ^ "Ask.com Parent To Buy About.com For About $300M". NPR. Retrieved August 27, 2012.
- ^ "IAC > Our businesses". Retrieved 20 March 2010.
