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IAC-Owned CollegeHumor Buys

This story was written by Rafat Ali.
And while IAC (NSDQ: IACI) is selling off some of its assets to focus on the core, it is still bullish on its CollegeHumor franchise: the online comedy site has bought sports satire site SportsPickle, for an undisclosed though likely a small amount. Both sites are aimed at a young male demographic, hence a fit within IAC's ConnectedVentures media and e-commerce network. And for now, it looks like IAC has decided to keep this unit, unlike what Diller has been hinting or saying about its emerging businesses since late last year. More details in release.

By Rafat Ali