Barry Diller's InterActiveCorp launched a new Web site targeted at 6- to 12-year-old girls in an effort to go after Disney's popular kids' site Club Penguin.
Acquisition of mobile payments provider expected to bolster PayPal's platform and reach.
The teen-oriented virtual world, owned by InterActiveCorp, now allows its members to use real money to buy virtual goods.
IAC's latest purchase of GirlSense shows its faith in burgeoning teen market, signals that media conglomerate's snap-'em-up strategy may be back on track.
The crisis in the banking sector is likely to have a chilling effect on technology deals, but Google is bullish on its prospects. Also: video games render digital divide nonexistent.
The Barry Diller-headed Web conglomerate, acknowledging that it's gotten too complicated, divides into five publicly traded companies.