This excerpt taken from the IACI 8-K filed Jun 25, 2009.
On June 24, 2009, IAC received notice from Nasdaq that it has regained compliance with Nasdaqs audit committee composition requirements, which determination was based on the election of Richard F. Zannino to IACs Board of Directors and his appointment to the Audit Committee of IACs Board of Directors effective June 24, 2009.
This excerpt taken from the IACI 8-K filed Dec 11, 2008.
Item 8.01. Other Events.
On December 8, 2008, IAC/InterActiveCorp (IAC) sold its 30% equity stake in Jupiter Shop Channel Co., Ltd., a Japanese TV shopping company, to affiliates of Sumitomo Corporation for an aggregate cash purchase price of forty-six billion (approximately $493 million). The parties agreed to, as well as completed, this transaction on December 8, 2008 and the related documentation does not contain any significant post-closing or other ongoing obligations on the part of IAC. A copy of the related press release is attached hereto as Exhibit 99.1.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 11, 2008