Wednesday, February 01, 2006

IAC to Acquire - Boston, MA

IAC/InterActiveCorp (Nasdaq: IACI) announced today it has reached an agreement to acquire, Inc., a leading internet retailer of footwear and related apparel.

Shoebuy, founded in 1999 and headquartered in Boston, carries more than 400,000 products from more than 250 leading brands. With its innovative virtual inventory model whereby huge product assortments can be showcased on behalf of vendor partners, Shoebuy has also recently launched and plans to extend into additional product categories. Shoebuy’s Founder and CEO Scott Savitz will continue to oversee the company’s operations.


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