REUTERS - Aug 19 - IAC/InterActiveCorp has won control of French dating site Meetic, boosting its stake to 77.6%, after most shareholders agreed to IAC's 15 euros per share offer price. IAC, through two arms of its Match.com unit, had gained 73.7% of voting shares and 77.6% of Meetic's capital. Match.com has said it did not plan to delist Meetic after completion of the offer, which expired on Tuesday and valued the French company at 347M euros ($489M).
Mark Brooks: If you can't beat 'em join 'em. Match's European business was folded under Meetic's wing in June 2009 when Meetic swapped 27% of its share's and 5 million Euro for Match Europe. That was the first step in Match acquiring Meetic.