History
IAC was incorporated in 1986 under the name Silver King Broadcasting Company as a subsidiary of Home Shopping Network. In 1992, Silver King was spun-off to Home Shopping Network shareholders as a separately traded public company.
The company has undergone several name changes. February 1998: HSN, Inc. was renamed USA Networks, Inc. May 2002: USA Networks, Inc. was renamed USA Interactive June 2003: USA Interactive was renamed InterActiveCorp July 2004: InterActiveCorp was renamed IAC/InterActiveCorp
In August 2008, IAC spun off several of its businesses, including: Tree.com (NASDAQ: TREE), the Home Shopping Network, Ticketmaster, and Interval Leisure Group (NASDAQ: IILG).
In February 2011, IAC acquired the free-to-contact dating site, OkCupid, for $50 million.
In April 2011, IAC extended the deal with Google to hand over all search advertising on Ask.com and other IAC search products to the search giant, which was worth $3.5 billion in 2007, to end on March 31, 2016.
On February 14, 2012, Barry Diller introduced Aereo, an Internet television service. In March 2012 in New York City, Aereo will stream all of the broadcast networks to smartphones, tablets and televisions with Internet capability.
On August 26, 2012, IAC acquired About.com (The About Group) from The New York Times.
Read more about this topic: IAC (company)
Famous quotes containing the word history:
“All history attests that man has subjected woman to his will, used her as a means to promote his selfish gratification, to minister to his sensual pleasures, to be instrumental in promoting his comfort; but never has he desired to elevate her to that rank she was created to fill. He has done all he could to debase and enslave her mind; and now he looks triumphantly on the ruin he has wrought, and say, the being he has thus deeply injured is his inferior.”
—Sarah M. Grimke (1792–1873)
“If you look at history you’ll find that no state has been so plagued by its rulers as when power has fallen into the hands of some dabbler in philosophy or literary addict.”
—Desiderius Erasmus (c. 1466–1536)
“Regarding History as the slaughter-bench at which the happiness of peoples, the wisdom of States, and the virtue of individuals have been victimized—the question involuntarily arises—to what principle, to what final aim these enormous sacrifices have been offered.”
—Georg Wilhelm Friedrich Hegel (1770–1831)