Barry Diller's IAC Buys Majority Stake In CollegeHumor.com; Price Said To Be Above $20M
Barry Diller‘s IAC Corp. announced this morning it had bought a majority stake in the parent company of CollegeHumor.com. Though terms were not disclosed, we hear the price tag was “slightly above $20 million” — not too bad for a site that generates 200 million page views by quoting from the Will Ferrell canon and posting user-submitted pics of the “wacky” elderly.
Via the release:
IAC Acquires Controlling Interest in Connected Ventures, LLC, Parent of Leading Comedy Site CollegeHumor.com
NEW YORK, Aug.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in