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Online Dating Magazine > Online Dating News > Udate and Kiss.com Acquired

USA Interactive Acquisition of Udate.com and Kiss.com Complete

(onlinedatingmagazine.com - April 4, 2003) USA Interactive today announced the completion of its acquisition of uDate.com, Inc., a global online personals group based in Derby, England, which provides dating and matchmaking services through www.udate.com and www.kiss.com.

At closing, USA issued approximately 5.48 million shares of USA common stock in exchange for uDate shares, options and its warrant, and paid certain uDate expenses incurred in connection with the transaction. Shares of uDate, which prior to the acquisition had traded on the OTC Bulletin Board under the symbol “UDAT,” ceased trading upon the closing of the transaction.

uDate was advised in the transaction by Broadview International.

USA Interactive engages worldwide in the business of interactivity via the Internet, the television and the telephone.

uDate.com, Inc. is a global online personals group with members in more than 100 countries around the world as of September 30, 2002. The Company operates two Web properties www.udate.com and www.kiss.com.

USA Interactive entered into an agreement to acquire uDate.com, Inc. in December 2002. USA Interactive already owns Match.com.

"Our acquisition of uDate, in combination with our continued investment in Match.com, underscores USA's commitment to the personals business," said John Pleasants, President and CEO of Ticketmaster and incoming President of USA's Information & Services group.



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