Diller Ends Vivendi Feud With $3.4 bln Deal
Filed in archive Dating Sites by Mark Brooks on June 16, 2005
REUTERS
-- June 8 -- IAC/Interactive Corp (owns Match.com) has agreed to sell
its 5.4% stake in Vivendi Universal Entertainment to NBC Universal for
$3.4 billion. They have been haggling in courtrooms and boardrooms for
five years. IAC said it would result in an after-tax gain of $330
million. FULL ARTICLE @ REUTERS
Mark Brooks: Where will the peripatetic Diller turn his attention now he is freed of this Dispute
. In their Q1 report...'personals
revenue grew by 11% to $54.2 million, driven primarily by a 6% increase
in paid subscribers and higher average revenue per subscriber.'
Things are looking up for the online personals industry. Spark
just acquired Minglematch and announced similarly rosy Q1 numbers.
Permalink: Diller Ends Vivendi Feud With $3.4 bln Deal
Tags:
dating
ends
diller
vivendi
digital
ends+vivendi
diller+ends
vivendi+feud
Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/7046

Mr Wong
