Business Finance » Corporate

IAC Picks Up

Friday Aug 31, 2012

NEW YORK (AP) - Who says money can't buy love? and OKCupid owner IAC/InterActiveCorp has picked up another dating website,

The New York company did not say Friday how much it's paying for The website, founded in 2002, has more than 1 million unique visitors a month, according to IAC.

IAC, controlled by billionaire media mogul Barry Diller, says its online dating businesses had revenue of more than $500 million in 2011. IAC's total revenue last year was $2.06 billion. In addition to the dating sites, IAC owns about 150 Internet brands and products, including CollegeHumor and

It's been a busy week for the company. On Monday, the New York Times Co. said that was selling its troubled online information service,, to IAC for $300 million.

Shares of IAC shed 11 cents to $51.78 in morning trading.

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