IAC/InterActiveCorp (NASDAQ:IACI) has announced that its Tutor.com unit has signed an agreement to buy test preparation and college admission service The Princeton Review. Tutor.com bought the service from Charlesbank Capital Partners. The terms of the deal were undisclosed. The Princeton Review will be led by Mandy Ginsberg, the current CEO of Tutor.com once the acquisition complete.
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IAC/InterActiveCorp, an Internet company run by billionaire Barry Diller, that has acquired This Life Inc.’s HowAboutWe. HowAboutWe is a Brooklyn-based dating website. IAC is also the parent company of Tinder and Match.com. This deal further extends IAC’s marketshare in the online dating market.
IAC/InterActiveCorp (NASDAQ:IACI) is rumored to be in acquisition talks with dating website HowAboutWe. IAC already owns Match.com, OkCupid, and has a majority stake in Tinder.
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Tinder is a location based social discovery app that connects people with mutual interests. The app is used for both networking and dating purposes. Tinder has hit around 10 million users and has made millions of matches in over a year now.
Vimeo has launched a new $10 million program. The $10 million fund is for films that are distributed exclusively through Vimeo On Demand. Vimeo On Demand was launched a year ago. The services lets creators charge for access to their content.
Aereo is a video streaming startup that allows users to watch live local TV channels for $8 per month. Aereo has announced that they have raised $34 million in funding to pursue an expansion plan.
Justine Sacco is a former PR executive at InterActiveCorp (IAC). She was fired because she wrote an offensive tweet that said “Going to Africa. Hope I don’t get AIDS. Just kidding. I’m white!” Sacco was a senior director of corporate communications at IAC. IAC owns websites like Match.com, The Daily Beast, About.com, OkCupid, CollegeHumor.com, and Dictionary.com.
InterActiveCorp (IAC) subsidiary Match.com is one of the largest dating websites on the Internet with around 2.8 million paying subscribers. Match.com is getting sued for $1.5 billion by Miami-based model Yuliana Avalos (pictured above). Why is she suing Match.com?