American Capital completes sale of People Media to
  • Saturday, July 18 2009 @ 04:32 pm
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American Capital Ltd. announced on Thursday that it has completed the sale of People Media to IAC ('s parent company). American Capital received $57 million in cash proceeds and will receive an additional $15 million in the third quarter, to complete the deal. This makes the total sale worth $72 million USD. This is $8 million less than was stated when IAC announced the agreement earlier this month (see Story).

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