REUTERS — June 8 — IAC/Interactive Corp (owns Match.com) has agreed to sell its 5.4% stake in Vivendi Universal Entertainment to NBC Universal for $3.4 billion. They have been haggling in courtrooms and boardrooms for five years. IAC said it would result in an after-tax gain of $330 million.
Mark Brooks: Where will the peripatetic Diller turn his attention now he is freed of this dispute. In their Q1 report…’personals revenue grew by 11% to $54.2 million, driven primarily by a 6% increase in paid subscribers and higher average revenue per subscriber.’ Things are looking up for the online personals industry. Spark just acquired Minglematch and announced similarly rosy Q1 numbers.