IAC/InterActiveCorp

IAC/InterActiveCorp (Nasdaq: IACI), formerly USA Interactive, consists of IAC Travel, a division of the company that encompasses Expedia, Inc., which oversees Interval International, TV Travel Shop, Hotels.com and Hotwire.com. IAC has entered into an agreement to acquire Hotwire, which is expected to close during the fourth quarter of 2003, subject to customary regulatory approvals. The other operating businesses of IAC are: HSN; Ticketmaster, which oversees Evite and ReserveAmerica; Match.com, which oversees uDate.com; Entertainment Publications; Citysearch; Precision Response Corporation; and LendingTree. The goal of IAC is to be the world's largest and most profitable interactive commerce company by pursuing a multi-brand strategy.