BUSINESS COMBINATION

3 Months Ended

Mar. 31, 2012

BUSINESS COMBINATION

BUSINESS COMBINATION

NOTE 3—BUSINESS COMBINATION

        In 2009, Match acquired a 27% ownership interest in Meetic S.A. ("Meetic"). Match accounted for this interest under the equity method of accounting through August 31, 2011. During the third quarter of 2011, Match acquired an additional 12.5 million shares of Meetic for $272.0 million in cash pursuant to a tender offer. These additional shares increased Match's voting interest and ownership interest in Meetic to 79% and 81%, respectively, resulting in Match obtaining a controlling financial interest in Meetic. Accordingly, this purchase was accounted for under the acquisition method of accounting and the financial results of Meetic are included within IAC's consolidated financial statements and the Match operating segment beginning September 1, 2011.

        The unaudited pro forma financial information in the table below summarizes the combined results of IAC and Meetic as if the acquisition of Meetic had occurred as of January 1, 2011. The pro forma financial information includes adjustments required under the acquisition method of accounting and is presented for informational purposes only and is not necessarily indicative of what the results would have been had the acquisition occurred as of January 1, 2011. For the three months ended March 31, 2011, pro forma adjustments reflected below include a $27.9 million reduction in revenue relating to a write-off of Meetic's deferred revenue upon acquisition, and $7.3 million in amortization of Meetic's intangible assets.

	Three Months Ended March 31, 2011
	(In thousands, except per share data)
Revenue	$	495,657
Net loss attributable to IAC shareholders	$	(9,847	)
Basic loss per share attributable to IAC shareholders	$	(0.11	)
Diluted loss per share attributable to IAC shareholders	$	(0.11	)