Diller’s IAC Buys Social Network Site Zero Degrees

I’m social and I network too, Diller…

InterActiveCorp, media mogul Barry Diller’s conglomerate of enterprises ranging from online dating to home loans, has agreed to acquire business networking site ZeroDegrees

ZeroDegrees focuses on business contacts. Potential rivals include LinkedIn, Contact Networks, Socialtext, Spoke Software, Ryze, Visible Path and Eliyon.

Thanks to its roots in Southern California, ZeroDegrees first caught on with entertainment executives and their counterparts in the defense and aerospace industry, he said. This contrasts with the technology industry focus of many other business networks.

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