IAC/InterActiveCorp says no plan to bid for Cupid

Reuters News
Posted: Dec 04, 2012 11:54 AM

LONDON (Reuters) - IAC/InterActiveCorp <IACI.O>, a U.S.-based holding company for search, dating and media websites, said on Tuesday it had no plans to bid for UK-listed online dating firm Cupid <CUP.L>.

The response follows market rumors in recent weeks that it could be preparing to make a bid of around 250 million pounds ($402.4 million).

"IAC/InterActiveCorp is not considering a bid for Cupid," a spokeswoman for the U.S. firm told Reuters. ($1 = 0.6213 British pounds)

(Reporting by Simon Jessop and Atul Prakash, editing by Nigel Stephenson)