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NEW YORK (AP) - Internet conglomerate IAC/InterActiveCorp swung to a profit in the fourth quarter, as acquisitions and strong growth at Ticketmaster and LendingTree boosted results above expectations.
IAC, which also owns the HSN home-shopping network, Citysearch and recently acquired Ask Jeeves, said its online services group drove the quarter's growth with a 46 percent gain in revenue during the quarter.
"Results for the quarter and year are better than good; superb execution is the reason," said Chief Executive Barry Diller on a conference call with analysts.
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