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Fly News Breaks for July 15, 2015
IACI
Jul 15, 2015 | 07:47 EDT
After IAC's Match Group on July 14 announced a definitive agreement to acquire dating site/app PlentyOfFish for $575M, Oppenheimer is upbeat on the deal because the firm says that IAC has had a successful record of integrating acquisitions. The firm reports that ComScore data shows that PlentyofFish was the third most-visited dating property in the U.S., and the firm thinks the deal will further IAC's dominance in the U.S. dating market. It keeps an Outperform rating on the stock.
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