IAC, conglomerate of web properties, launching new “content venture”
update: rumors are beginning to spill out; Alley Insider suggests the venture is a collaboration between IAC’s Ask and Digg.com, and will launch “very soon.”
With the bid by Microsoft to purchase Yahoo potentially reducing the number of major Web companies, other conglomerates may also come under pressure to sell or break up. IAC, the owner of sites such as Evite.com, Ask, Match.com, Citysearch and Excite, has seen its stock go nowhere despite several years of… Continue Reading