SUBSEQUENT EVENTS (UNAUDITED)

12 Months Ended

Dec. 31, 2010

SUBSEQUENT EVENTS (UNAUDITED)

SUBSEQUENT EVENTS (UNAUDITED)

NOTE 22—SUBSEQUENT EVENTS (UNAUDITED)

        On February 1, 2011, IAC contributed The Daily Beast, previously reported in IAC's Media & Other segment, to a newly formed venture with Newsweek called The Newsweek/Daily Beast Company LLC ("The Newsweek Daily Beast"). Pursuant to this transaction, IAC and Newsweek each own 50% of The Newsweek Daily Beast and operate it jointly. Accordingly, IAC will account for its interest in The Newsweek Daily Beast using the equity method.

        On February 2, 2011, Match acquired OkCupid for $50.0 million in cash, plus potential additional payments that are contingent upon OkCupid achieving certain performance criteria.