IAC's stake in THCN follows a recent investment in Medem, an integrated suite of web-based physician-patient communication services, made in the first half of 2007. Both initiatives reflect the company's recent foray into the health services category.
Today's move comes after IAC's November 2007 announcement of plans to
separate IAC into five publicly traded companies, spinning off HSN,
Ticketmaster, Interval International and LendingTree. Expected to be
completed in the second or third quarter of 2008, the new IAC will include:
-- The businesses currently comprising its Media & Advertising sector:
Ask.com, Bloglines, Citysearch, CursorMania, Evite, Excite, IAC
Advertising Solutions, InsiderPages, iWon, My Fun Cards, My Way,
Popular Screensavers, Smiley Central, Webfetti and Zwinky;
-- Match.com, ServiceMagic, Shoebuy.com, Entertainment Publications and
ReserveAmerica;
-- Emerging Businesses including Pronto and Gifts.com, Green.com, Primal
Ventures, and InstantAction;
-- IAC Programming businesses including Black Web Enterprises, BustedTees,
CollegeHumor, GarageGames, Very Short List, Vimeo and 23/6;
-- IAC's current investments in Active.com, Brightcove, FiLife,
MerchantCircle, OpenTable, Points.com and SHOP Channel.
* comScore December 2007
About IAC
IAC operates leading and diversified businesses in sectors being
transformed by the internet, online and offline... our mission is to
harness the power of interactivity to make daily life easier and more
productive for people all over the world. To view a full list of the
companies of IAC please visit
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