Barry Diller's InterActiveCorp buys social networking site
A small "social networking" site for business networking, ZeroDegrees has been acquired by IAC according to this New York Times story (registration required):
Some 218,000 people have signed up since the site for the service was introduced in August 2003. Business people looking to share their address books to make new contacts and executive recruiters seeking new hires are the site's biggest users.
....ZeroDegrees joins InterActiveCorp's stable of Internet networking sites such as Match.com for dating and eVite.com for party organizing. IAC also owns citysearch local directories, TicketMaster, Expedia Inc., HotWire and Hotels.com for travelers and home mortgage broker LendingTree.com.
While ZeroDegrees is IAC's first solely business-focused brand, it represents a natural extension of the parent company's travel-related sites, officials said.