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BRIEF-IAC/InteractiveCorp - homeadvisor agreed to acquire controlling interest in Myhammer Holding AG
October 10, 2016 / 12:52 PM / 10 months ago

BRIEF-IAC/InteractiveCorp - homeadvisor agreed to acquire controlling interest in Myhammer Holding AG

Oct 10 (Reuters) - IAC/Interactivecorp :

* Iac/InteractiveCorp - homeadvisor has agreed to acquire a controlling interest in Myhammer Holding AG

* IAC/InteractiveCorp - stake will be acquired from holtzbrinck digital gmbh in a private transaction

* Deal for eur 5.14 per share

* IAC/InteractiveCorp - homeadvisor will also acquire outstanding loans owed by Myhammer companies to Holtzbrinck digital

* IAC/InteractiveCorp - under transaction, homeadvisor will acquire Holzbrinck Digital's about 70 percent stake in Myhammer Holding AG

* IAC/InteractiveCorp - terms of loan transaction were not disclosed.

* IAC/InteractiveCorp - under transaction, homeadvisor will also acquire Holtzbrinck Digital's direct ownership stake in principal operating subsidiary of Myhammer Source text for Eikon: Further company coverage:

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