FT – Nov 11 – While Match has profited from the boom in internet romance, IAC’s largest business, web search, is slipping. Mr Diller has a reputation for building and then spinning out business that go on to thrive – Expedia and TripAdvisor, for example. So after a quiet few years at IAC, it is just a matter of time until Match is out on its own. Match.com could have $500M of annual cash flow by 2016. It will generate ~$300M in cash this year, compared with $400M from search and apps. Match.com could trade above 10 times cash flow.
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