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IAC To Spin Off Lending Tree

Nov 06, 2007By

On the heels of a $5.6 million loss for the third quarter, IAC/Interactive business unit Lending Tree is about to go it alone. IAC said today that it will spin off LendingTree — which will also include RealEstate.com, Domania, GetSmart, Home Loan Center and iNest — as part of a plan to separate IAC into five publicly-traded companies. From the press statement:

3d rendering of a row of luxury townhouses along a street

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