Sumitomo Corporation Acquires IAC's 30% Equity Stake for
The purchase price paid was
Headquartered in
GCA Savvian served as financial adviser to IAC. The transaction closed
About IAC
IAC operates more than 35 leading and diversified Internet businesses across 40 countries... our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world. To view a full list of the companies of IAC please visit our website at http://iac.com/.
About Jupiter Shop Channel Co., Ltd.
Jupiter Shop Channel operates SHOP CHANNEL, the number one TV shopping channel in the Japanese market. This channel is the largest 24-hour live shopping program in
About Sumitomo Corporation
Sumitomo is engaged in multifaceted business activities through its worldwide integrated network, selling a variety of domestic products and services, conducting import/ export and trilateral business transactions, providing domestic and international business investment, and participating in numerous other activities in various industrial sectors around the world.
Contacts: IAC Corporate Communications: IAC Investor Relations: Stacy Simpson / Leslie Cafferty Eoin Ryan (212) 314-7470 / 7326 (212) 314-7400 Sumitomo Corporation Corporate Communications: Ayumi Shogase (81)3-5166-3100
SOURCE IAC