IAC (company)

IAC (company)
IAC
Type Public (NASDAQIACI)
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 increase $1.64 billion as of 2010
Operating income increase $ 169.20 million as of 2010
Net income increase $ 99.36 million as of 2010
Total assets decrease $ 3.44 billion as of 2010
Total equity decrease $ 2.43 billion as of 2010
Employees 3,200 as of March 2011
Website http://www.iac.com
New York headquarters

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.

Contents

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. is renamed USA Networks, Inc. May 2002: USA Networks, Inc. is renamed USA Interactive June 2003: USA Interactive is renamed InterActiveCorp July 2004: InterActiveCorp is renamed IAC/InterActiveCorp

In August 2008, IAC spun off several of its businesses, including: Tree.com (NASDAQTREE), the Home Shopping Network, Ticketmaster, and Interval Leisure Group (NASDAQIILG).[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]

Businesses

IAC owns several companies and websites, among these are:[7]

Notes

External links

Factory 1b.svg Companies portal

page: www.reference.com


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