Today, HSNi, ILG, Ticketmaster and Tree.com will begin trading regular way
as independent publicly traded companies on the Nasdaq National Market under
the following symbols: "HSNI," "IILG," "TKTM" and "TREE," respectively. Until
"Armed with outstanding management teams, appropriate capital structures
and their own currencies, HSNi, Ticketmaster, Interval and Tree.com are now
ready for independent futures ... while the Internet businesses that make up
new IAC can operate with a collective purpose and common goals," said
As a result of the spins and reverse stock split, IAC's publicly traded
warrants were adjusted in accordance with the respective warrant agreements.
Following the adjustments, each warrant trading on the Nasdaq National Market
under the ticker symbol "IACIW" will entitle its holder to purchase 0.568454
shares of IAC common stock at an exercise price of
About IAC
IAC operates more than 35 leading and diversified Internet businesses across 37 countries... our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world. To view a full list of the companies of IAC please visit our website at http://iac.com.
About HSN, Inc.
HSNi owns and operates, through its subsidiaries, HSN, a retailer and
interactive lifestyle network offering a broad assortment of products through
television home shopping programming on the HSN television network and
HSN.com. HSN strives to transform the shopping experience by incorporating
experts, entertainment, inspiration, solutions, tips and ideas in connection
with the sale of products through the HSN television network and HSN.com. HSNi
also owns and operates, through its subsidiaries, the Cornerstone Brands
portfolio of catalogs and related websites, including Frontgate, Ballard
Designs,
About Interval Leisure Group, Inc.
ILG is a leading provider of membership services to the vacation ownership
industry. ILG's principal business segment, Interval, makes available vacation
ownership membership services to the individual members of its exchange
networks, as well as related services to developers of the resorts
participating in its exchange networks worldwide. As of
About Ticketmaster
As the world's leading live entertainment ticketing and marketing company,
Ticketmaster connects the world to live entertainment. Ticketmaster currently
operates in 20 countries worldwide, providing ticket sales, ticket resale
services, marketing and distribution through www.ticketmaster.com, one of the
largest e-commerce sites on the Internet, and related proprietary Internet and
mobile channels, approximately 6,700 independent sales outlets and 19 call
centers worldwide. Established in 1976, Ticketmaster served more than 10,000
clients worldwide in 2007 across multiple live event categories, providing
exclusive ticketing services for leading arenas, stadiums, amphitheaters,
music clubs, concert promoters, professional sports franchises and leagues,
college sports teams, performing arts venues, museums and theaters.
Ticketmaster's distribution channels and client base provide it with
significant scale-for example, in 2007, Ticketmaster brands and businesses
sold approximately 141 million tickets valued at over
About Tree.com, Inc.
Through its various subsidiaries, Tree.com currently operates a lending business (the ''Lending Business'') and a real estate business (the ''Real Estate Business''). The Lending Business consists of online networks, principally LendingTree.com and GetSmart.com, as well as call centers, which match consumers with lenders and loan brokers. In addition, the Lending Business originates, processes, approves and funds various types of residential real estate loans under two brand names, LendingTree Loans(R) and HomeLoanCenter.com(R), and offers residential mortgage loan settlement services under the name LendingTree Settlement Services. The Real Estate Business consists primarily of an internetenabled national residential real estate brokerage that currently operates offices in 14 markets under the brand name "RealEstate.com, REALTORS." The Real Estate Business also consists of a brokerage that matches residential home buyers interested in newly constructed homes with builders and currently operates under the brand name "iNest(R)."
Contacts IAC Investor Relations: IAC Corporate Communications: Eoin Ryan/ Lisa Jaffa Stacy Simpson/ Leslie Cafferty (212) 314-7400 (212) 314-7470/ 7326
SOURCE IAC Interactive Corp.