The Associated Press reports that IAC/InterActiveCorp has acquired a majority stake in the popular Collegehumor.com website.
This is the first Web site to be added to IAC's portfolio as it builds its programming division, which was launched in January. Collegehumor.com attracts more than 6 million unique visitors a month and generates more than 200 million monthly page views, according to IAC.
The company declined to disclose the terms of the deal. IAC is getting a 51 percent stake and full voting control of Connected Ventures LLC, the Web site's parent company based in New York.
Collegehumor.com includes a popular hotlinks section that is visited by its primarily college demographic. The website also feature pictures, videos and articles. The also includes a section for R-rated content. Recently, they ran a promotion for the Beerfest movie. The AP article says Josh Abramson and Ricky Van Veen, who founded the website in college, will continue to manage the website.
The Associated Press reports that IAC/InterActiveCorp has acquired a majority stake in the popular Collegehumor.com website.
