IAC/InterActiveCorp

Stock Symbol: IAC

IAC/InterActiveCorp Description:
IAC/InterActiveCorp (Nasdaq: IACI) is the world's leading multi-brand interactive commerce company. IAC consists of IAC Travel, which includes Expedia, Inc., Hotels.com, Hotwire, Interval International, and TV Travel Shop; HSN; Ticketmaster, which oversees ReserveAmerica; Match.com; Lending Tree; Precision Response Corporation; and IAC Local and Media Services, which includes Citysearch, Evite, and Entertainment Publications, Inc. IAC has entered into an agreement to acquire TripAdvisor, which is expected to close during the second quarter of 2004, subject to customary regulatory approvals.

IAC/InterActiveCorp Financial Summary:
N/A

IAC/InterActiveCorp Business Summary:
IAC/InterActiveCorp operates a portfolio of brands in the travel, retailing, ticketing, personals, media, financial services, real estate, and teleservices industries worldwide. It operates in seven segments: Travel, Electronic Retailing, Ticketing, Personals, Local and Media Services (LMS), Financial Services and Real Estate (FSRE), and Teleservices. Travel segment makes travel products and services available from various commercial and charter airlines, lodging properties, car rental companies, and cruise lines and in-destination service providers. Electronic Retailing segment sells consumer products, primarily through the HSN and America's Store television networks, and HSN.com, as well as through consumer catalog services and infomercials. Ticketing segment provides online and offline ticketing services through Ticketmaster-owned Web sites. It also offers operator-staffed call centers and independent retail outlets serving various venues, entertainment facilities, promoters, and professional sports franchises. Personals segment provides single adults with an environment for meeting other singles through their respective Web sites, as well as through Match.com's affiliated networks. LMS segment offers local content for major cities in the U.S. and abroad, as well as practical transactional tools; markets coupon books, discounts, merchant promotions, and sally foster gift wrap; and offers free online invitation services, and online travel search engine and directory. The LMS segment also operates ServiceMagic, though there may be competitive concerns from start-up competitors such as Skillslate.com which is improving the way people find individual service providers. FSRE segment provides online exchanges that connect consumers and service providers in the lending and real estate industries. Teleservices segment provides outsourced customer lifecycle management solutions. IAC was incorporated as Silver King Broadcasting Company, Inc. in 1986 and changed its name to HSN, Inc. in 1996. It further changed its name to USA Networks, Inc. in 1998; to USA Interactive in 2002; to InterActiveCorp in 2003; and to IAC/InterActiveCorp in 2004. IAC is based in New York City.