French Meetic buys’s European operations

19 Feb 2009

InterActiveCorp is selling's European operations to Meetic for €5 million (about $6.3 million U.S.) and a 27-percent stake in the France-based dating service company.

Additional terms of the transaction were not disclosed.

IAC reported that Match Europe contributes about 13 percent of the unit's operating income, or about $11.9 million of Match's unadjusted 200

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Jim Townsend