Match CEO Jim Safka will take the helm of a new IAC venture based in San Francisco with the aim of incubating and developing new businesses.
IAC said it promoted Match Chief Operating Officer Thomas Enraght-Moony to the role of CEO in his place.
'Today's technology is enabling new media innovation at a faster pace than ever before,' IAC Chairman and CEO Diller said of the new venture in statement. 'We see many opportunities to build as well as buy.'"
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