Digital Spotlight: IAC
IAC is a media conglomerate with a wide range of online assets. In November 2007, announced they would be separating IAC into 5 public companies. IAC will consist of: Ask.com, Bloglines, CitySearch (CityGrid Media), Evite, Excite, InsiderPages, iWon, My Fun Cards, My Way, Popular Screensaver, Smiley Central, Match.com, chemistry.com, ServiceMagic, Shoebuy.com, BustedTees, CollegeHumor, Garage Games, Gifts.com, Green.com, Instant Action, Very Short List, Vimeo, 23/6. IAC is also an investor in Active.com, Brightcove, FiLife, Medem, Merchant Circle,OpenTable, Points.com and SHOP channel.
The 5 spun off companies were Home Shopping Network, Ticketmaster, Interval International, LendingTree and expedia.com.
IAC’s notable acquisitions included:
- In September 1998 IAC’s subsidiary at the time, Ticketmaster, merged with CitySearch .
- In June 1999 Ticketmaster-CitySearch acquired Match.com.
- In 2001 Evite was acquired by Ticketmaster.
- In February 2003 IAC acquired Expedia, and later spun it off in August 2005.
- In August 2003 IAC acquired Lending Tree.
- In July 2005 IAC acquired Ask.com, known as Ask Jeeves at the time, for $1.85 billion. Ask.com is the fourth leading search engine behind Google, Yahoo, and MSN.
- In July 2005 IAC spun off Expedia.com
- In August 2006 IAC acquired Connected Ventures, the parent company of CollegeHumor, Vimeo, Bustedtees.com, and others. Vimeo competes with online video companies such as Youtube, Brightcove, Veoh, Stage6, Dailymotion, and many others.
~ Zorilla City