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Ticketmaster to Acquire Biletix

Wednesday, November 1, 2006 - 04:35

Ticketmaster, the world's leading ticketing company and an operating business of IAC/InterActiveCorp (NASDAQ: IACI), today announced its acquisition of Biletix located in Istanbul, Turkey. Through this acquisition, Ticketmaster will acquire Biletix from founding partners the Koc Group and TAG Enterprises Limited. Biletix becomes the operating arm of Ticketmaster Turkey and will continue to provide its award winning ticketing services to its more than 400 venue, promoter and sports team clients throughout the country. The acquisition reflects Ticketmaster's continued commitment to strategic international development.

Biletix will introduce Ticketmaster's state-of-the-art ticketing distribution technologies and enhanced ticketing services to the live event industry in Turkey. Biletix founders Dave Dorner and Ali Abhary will remain with the company as General Managers and will continue to be responsible for servicing clients in the Turkish market on behalf of Ticketmaster and Biletix.

"Biletix is the trusted name in ticketing throughout Turkey," said Ticketmaster's Vice President of European Development, Paul LaFontaine. "Combined with Ticketmaster's global relationships, premiere technology and reputation as the world's leading ticketing company, we look forward to further empowering Biletix to provide even more robust offerings to the flourishing live event industry in Turkey, Europe's fastest growing market."

"Ticketmaster's state of the art products and technologies will expand Biletix's sales and marketing services to drive ticket sales for clients and provide the ticket buying public in Turkey with better, faster, and more convenient access to live event tickets and event information," said Biletix co-founder Dave Dorner.

"This acquisition marks an important milestone in the e-commerce and entertainment sectors in Turkey. We look forward to continuing to build upon Biletix's reputation for superior service, now as a part of the Ticketmaster family," said Biletix co-founder Ali Abhary.

About Ticketmaster

Ticketmaster is the world's leading ticketing company and is an operating business of IAC/InterActiveCorp (NASDAQ: IACI), providing ticket sales and distribution through www.ticketmaster.com, one of the largest e-commerce sites on the Internet; approximately 6,500 retail Ticket Center outlets; 19 worldwide telephone call centers; and a broad online and offline marketing network. Celebrating its 30th anniversary in 2006, Ticketmaster serves more than 9,000 clients worldwide across multiple event categories, providing exclusive ticketing services for hundreds of leading arenas, stadiums, performing arts venues, museums, and theaters, and sold 119 million tickets valued at $6 billion on behalf of its clients in 2005. Headquartered in West Hollywood, California, Ticketmaster operates in eighteen markets outside the US, including in the European countries of Ireland, Netherlands, Norway, Denmark, Sweden, Finland, Germany, Spain, and Belgium.

About Biletix

Biletix is the first and the largest ticket sales and distribution agency in Turkey (founded by the largest industrial conglomerate of Turkey, Koc Group, and TAG Enterprises) currently providing ticketing services to more than 6,000 events each year. Since its establishment in 2000, Biletix has continued to provide event-goers with a convenient, secure and valuable system for purchasing tickets to entertainment and sporting events as well as movie theatres in and around Istanbul, Ankara, Izmir, Trabzon, Antalya, Konya, Cesme and Bodrum.

SOURCE: Ticketmaster

CONTACT: Bonnie Poindexter of Ticketmaster, +1-310-360-2321,
bonnie.poindexter@ticketmaster.com

Web site: http://www.ticketmaster.com/

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