Contributed by: Editor on Sunday, February 22 2009 @ 11:05 am
Last modified on
Since InterActiveCorp announced the sale of Match.com European Operations on Thursday, February 19th, by Friday IAC's stock price ended the day up 4 percent or 57 cents to $15.05. Match.com European operations are estimated to be valued at $110 million according to analyst Jeetil Patel. Match.com European operations also earned about $12 million in the fourth quarter of 2008 which is 13 percent of Match.com's total revenue.
For a more complete picture, read the Forbes article.