"Sam was the best choice to acquire CH Media and define its next chapter. The decision places CH Media with an owner who is beloved by fans, passionate about the business and sees a future we believe in," an IAC spokesperson said.
The 20-year-old comedy website created over-the-top sketches and pranks, and helped launch the careers of innumerable internet stars. It was acquired by IAC in 2006. . The media and internet company owns more than 150 brands and products, including dating site conglomerate the Match Group, video-sharing platform Vimeo and new site, The Daily Beast. IAC will continue to remain a minority shareholder in CH Media, the company confirmed Wednesday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bright Health buys Brand New Day to build Medicare Advantage business - Business InsiderThe acquisition comes on the heels of Bright raising $635 million from investors in December and as the insurer doubles its footprint in 2020. ZTracer This is fascinating, thanks for the story! I literally just wrote about Bright Health yesterday, sharing in case anyone wants a deep analysis of their business model.
Source: BusinessInsider - 🏆 729. / 51 Read more »
HSBC is facing pressure in Hong Kong - Business Insider - Business InsiderHSBC faces backlash in Hong Kong after closing an account with funds used by Spark Alliance, and after police froze $9 million tied to the account. And also Hong Kong and Shanghai are part of the bank’s name.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Store closures reached a new high in 2019 - Business Insider - Business InsiderWhile 2019 saw a record number of store closures, some retailers are giving stores new value by using them to facilitate e-commerce orders: Retailers can follow Walmart & Target that embraced buy online including pickup in-store offerings for consumers to pick up their orders.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Next market crash: JPMorgan's top defensive sector, stock picks to buy - Business InsiderJPMorgan's equity chief explains why an unloved corner of the market has become your best defense against a crash — and lists the group's 10 best stocks to buy
Source: BusinessInsider - 🏆 729. / 51 Read more »