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.
“Indeed, we are still finalizing a deal and zero final decisions have been made. That a deal is even a possibility should remain completely confidential. I know this is a bumpy ? and let?s face it ? a weird moment but we should proceed in a manner that is really smart, graceful, and empowering for everyone,” said HowAboutWe founder Brian Schechter in a letter obtained by BusinessInsider.
Earlier this year, HowAboutWe acquired Nerve.com. Some of HowAboutWe’s employees started to leave the company earlier this month.
Some of HowAboutWe’s board members pulled aside several employees in closed meetings last week to let them know that they would be laid off. Here is an e-mail that the company sent out:
Subject: Quick touch base
I got an email from someone in the media industry asking about ?What?s happening with layoffs at HowAboutWe?? They specifically asked about the edit team.
If you get this question, it should be denied. It?s inaccurate. We have not laid anyone off.
Indeed, we are still finalizing a deal and zero final decisions have been made. That a deal is even a possibility should remain completely confidential, as well.
The company being in control of the message is the best thing for everyone to be well set up for next steps, and that means keeping things truly in confidence and not telling anyone about this exciting next step may at HowAboutWe, etc. [sic]
I know this is a bumpy ? and let?s face it ? a weird moment, but we should be sure that we proceed in a manner that is really smart, graceful and empowering for everyone
Thank you. Please don?t hesitate to reach to me with any questions or concerns. I?m available.