- published: 02 Feb 2015
- views: 585557
InterActiveCorp (legal name: IAC/InterActiveCorp) is an American internet company with over 50 brands across 40 countries headquartered in New York City. The Chairman and Senior Executive is Barry Diller, who was previously head of Paramount Pictures, Fox Broadcasting and USA Broadcasting. On August 2008, IAC launched a divestiture and spun-off four of its bigger segments - HSN, Interval Leisure Group (IILG), Ticketmaster, |Interval Leisure Group (ILG) and Tree.com due to deteriorating financial performances in these operations. Following this restructuring, IAC recorded total revenues of $1.4 billion in 2008 and had been posting net profits for the four quarters ended in 31 October 2009. The new IAC includes its media and subscription-related businesses such as Ask.com search engine, Match.com dating service, fun web products, gaming site iWon.com, web portal Excite.com and myWay.com, online video site Vimeo and virtual world Zwinky. IAC plans to expand its emerging Internet businesses and invest part of its $1.8 billion cash pile in new media production segment in the face of fierce competition in the search business.