NEW YORK (AP) ? Who says money can't buy love? Match.com and OKCupid owner IAC/InterActiveCorp has picked up another dating website, DateHookup.com.
The New York company did not say Friday how much it's paying for DateHookup.com. 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 Ask.com.
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, About.com, to IAC for $300 million.
Shares of IAC shed 11 cents to $51.78 in morning trading.
Source: http://news.yahoo.com/iac-picks-datehookup-com-141406205--finance.html
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