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IAC Buys Parent

InterActiveCorp acquired a 51% stake and full voting control of Connected Ventures, parent of comedy site (

The company said is the first site to join its IAC Programming unit, which launched earlier this year to buy and build branded online-content properties “that engage passionate communities.” founders Josh Abramson and Ricky Van Veen will continue to oversee Connected Ventures’ operations.

“With its distinct brand of humor, has emerged as a viral success with an enormously loyal audience among young adults," IAC Programming president Michael Jackson said in a prepared statement.

"The founders have done an outstanding job of growing the business by appealing to a well-defined audience with a consistent voice and sensibility,” he added. “Their entrepreneurial spirit is a welcome addition to IAC Programming’s efforts, and we look forward to working with them to drive growth of CollegeHumor, as well as other opportunities.”