Written from the lobby of IAC (NSDQ: IACI) headquarters… IAC has announced the sale of Entertainment Publications Inc., a distributor of consumer savings coupon books to PE firm MH Equity. While the exact terms of the deal aren’t being disclosed, the sale will yield $135 million, which includes tax benefits. The business includes the site Entertainment.com. As the company gets set to break into five units, the sale of the business will allow IAC to focus on its core interactive, non-transactional business, said CEO Barry Diller in a statement. Release.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post