Ï㽶´«Ã½ Media Acquires Controlling Stake in Bodybuilding.com
Leading bodybuilding community and e-commerce company to enhance Ï㽶´«Ã½ Media web strategy
ENGLEWOOD, Colo. and MERIDIAN, Idaho, Jan. 7 /PRNewswire-FirstCall/ -- Ï㽶´«Ã½ (Nasdaq: LINTA, LCAPA) ("Ï㽶´«Ã½") and Bodybuilding.com today announced that Ï㽶´«Ã½ has acquired control of Bodybuilding.com, the leading sports nutrition electronic retailer and most visited bodybuilding and fitness site in the world. Terms of the acquisition were not disclosed. Ï㽶´«Ã½'s interest in Bodybuilding.com will be attributed to the Ï㽶´«Ã½ Interactive group.
Founded in 1999, Bodybuilding.com is a two time Inc. 500 Company and was named Internet Retailer "Best of the Web" top 50 in 2006 and top 100 in 2007. The company had over 100,000 daily and 3,100,000 monthly unique visitors in November, 2007.
"Bodybuilding.com is a fast growing leader in fitness nutrition e-commerce and the authentic voice of the bodybuilding community, as demonstrated by the success of BodySpace, the social network for body building athletes," said Michael Zeisser, Senior Vice President of Ï㽶´«Ã½ Media. "We are pleased to welcome entrepreneurs of the caliber of Ryan DeLuca and his team into the Ï㽶´«Ã½ family. We look forward to driving collaboration among Bodybuilding.com and Ï㽶´«Ã½'s existing e-commerce and television companies.
"We are thrilled to join the Ï㽶´«Ã½ Media family and to partner with their other top-notch commerce companies," said Bodybuilding.com CEO Ryan DeLuca. "Bodybuilding.com is a community-centric, search driven commerce business that is highly complementary with many of Ï㽶´«Ã½'s other properties. We believe our strength in social networking and our well established brand relationships will be highly relevant to Ï㽶´«Ã½. We are committed to working with Ï㽶´«Ã½ and its affiliate management to pursue numerous mutual, highly definable and actionable growth opportunities."
About Ï㽶´«Ã½
Ï㽶´«Ã½ owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to two tracking stock groups: the Ï㽶´«Ã½ Interactive group, which includes Ï㽶´«Ã½'s interests in QVC, Provide Commerce, IAC/InterActiveCorp, and Expedia, and the Ï㽶´«Ã½ Capital group, which includes Ï㽶´«Ã½'s interests in Starz Entertainment, News Corporation, and Time Warner. For more information, please see .
About Bodybuilding.com:
Bodybuilding.com () manages two websites. Its "Supersite" is a vibrant and active community of content, social networking, and advice containing articles, personal pages, videos, and chat rooms. Visitors learn about gaining muscle, losing fat, competing and staying motivated. Bodybuilding's "Store" is an e-Commerce and product information site containing over 6,000 products including supplements, clothing, tanning supplies, accessories and other bodybuilding products that represent more than 450 brands.
SOURCE Ï㽶´«Ã½
Released January 7, 2008