April 30th, 2009
IAC in talks to buy Yahoo Personals
IAC/InterActive Corp. chief Barry Diller said the company is in talks to buy Yahoo Personals to augment its Match.com business.
The comments were made on IAC’s first quarter conference call (Techmeme). Here’s what Diller said:
We are very interested. We’d love to have Yahoo! Personals and I think there is some initial discussions about that, whether they’re going away or not is of course enormously speculative. But I think, Yahoo! has said that it’s not an absolute core asset their future and it is core to us. We’re a leader in the category. So, we’re very aggressive behind Match and any possibilities for increasing its future money in the world.
Yahoo has been looking to shed non-core properties and IAC could be a buyer of other assets too.
Larry Dignan is Editor in Chief of ZDNet and Smart Planet as well as Editorial Director of ZDNet sister site TechRepublic. See his full profile and disclosure of his industry affiliations.
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