Wednesday, August 16, 2006
IAC Acquires Controlling Interest in Connected Ventures, LLC, Parent of Leading Comedy Site CollegeHumor.com:
"IAC Acquires Controlling Interest in Connected Ventures, LLC, Parent of Leading Comedy Site CollegeHumor.com
NEW YORK - August 15, 2006 - IAC/InterActiveCorp (Nasdaq: IACI) announced today that it has acquired a 51% stake and full voting control of Connected Ventures, LLC, parent of leading comedy site CollegeHumor.com. Terms of the transaction were not disclosed. CollegeHumor is the first site to join IAC Programming, launched earlier this year to buy and build branded online content properties that engage passionate communities.
CollegeHumor delivers comedic content, including videos, pictures, articles and jokes to its core audience of college students and recent graduates. Attracting more than 6 million monthly unique users and generating more than 200 million monthly page views,* the site provides online advertisers across a variety of categories with an efficient vehicle for reaching the desirable young adult demographic..."
"IAC Acquires Controlling Interest in Connected Ventures, LLC, Parent of Leading Comedy Site CollegeHumor.com
NEW YORK - August 15, 2006 - IAC/InterActiveCorp (Nasdaq: IACI) announced today that it has acquired a 51% stake and full voting control of Connected Ventures, LLC, parent of leading comedy site CollegeHumor.com. Terms of the transaction were not disclosed. CollegeHumor is the first site to join IAC Programming, launched earlier this year to buy and build branded online content properties that engage passionate communities.
CollegeHumor delivers comedic content, including videos, pictures, articles and jokes to its core audience of college students and recent graduates. Attracting more than 6 million monthly unique users and generating more than 200 million monthly page views,* the site provides online advertisers across a variety of categories with an efficient vehicle for reaching the desirable young adult demographic..."
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