IAC Completes Acquisition of TripAdvisor, Inc.
IAC/InterActiveCorp (NASDAQ: IACI) today announced the successful completion of its acquisition of TripAdvisor, Inc., the leading travel research site. TripAdvisor will operate and remain a separate brand within the IAC Local and Media Services Group, which consists of Citysearch, Entertainment Publications, Inc. (EPI) and Evite, and is led by Anne Busquet, CEO, IAC Local and Media Services. Terms of the acquisition were not disclosed.
IAC/InterActiveCorp (NASDAQ: IACI) is the world's leading multi-brand interactive commerce company. IAC consists of IAC Travel, which includes Expedia, Inc., Hotels.com, Hotwire, Interval International, and TV Travel Shop; HSN; Ticketmaster, which oversees ReserveAmerica; Match.com; Lending Tree; Precision Response Corporation; IAC Interactive Development which includes ZeroDegrees; and IAC Local and Media Services, which includes Citysearch, Evite, Entertainment Publications, Inc. and TripAdvisor, Inc. iac.com
TripAdvisor, Inc. provides a comprehensive travel search engine and directory that helps consumers research their travel plans via the web. TripAdvisor.com is the 6th most popular travel website worldwide, according to comScore Media Metrix (March 2004), and has won dozens of awards, including PC Magazine's Top 100 Web Sites and Forbes Best of the Web. The company also offers travel suppliers a performance-based marketing medium that generates average click-through rates of over 10% per page. Partners include leading travel companies such as Expedia, Travelocity, Orbitz, Hotels.com, American Airlines and Intercontinental Hotels Group. TripAdvisor is a wholly owned operating business of IAC/InterActiveCorp (NASDAQ: IACI) and is part of IAC's Local and Media Services Group. For more information, visit tripadvisor.com.
Contacts: IAC Corporate Communications Deborah Roth (212) 314-7254 IAC Investor Relations Roger Clark/Lauren Rosenfield (212) 314-7400 For TripAdvisor Kerry Metzdorf, Red Javelin Communications (978) 463-2575 email@example.com (Logo: http://www.newscom.com/cgi-bin/prnh/20031105/NYW076LOGO)
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CONTACT: Deborah Roth, Corporate Communications, +1-212-314-7254, or
Investor Relations, Roger Clark or Lauren Rosenfield, +1-212-314-7400, both of
IAC; or Kerry Metzdorf of Red Javelin Communications, +1-978-463-2575, or
email@example.com, for TripAdvisor