PR NEWSWIRE -- June 8 -- IAC has closed the transaction pursuant to which Match.com exchanged its European operations for a 27% equity stake in Meetic and a euro 5m promissory note. The deal closed on June 5th, 2009.
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Mark Brooks: Meetic now owns Match Europe, and Match has its arms around Meetic. Meetic will promote Match brands in the Nordics, Meetic in continental Europe and DatingDirect in the UK. The databases will be merged.