PRESS RELEASE - Mar 10 - As announced on 4th February 2010, Meetic
and Match.com, a subsidiary of IAC, signed a strategic agreement to
create a joint venture in Latin America. As foreseen by this agreement,
Meetic and Match.com have thus contributed their respective activities
on the South American continent to the new entity: Meetic’s ParPerfeito
site and Match.com’s activities in other Latin American countries.
Following the deal, Match.com and Meetic each own 50% of the new joint
venture’s equity, whilst Match.com will control the entity’s operations. Read the full press release HERE.
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