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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.
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.
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.
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 Barry Diller-headed Web conglomerate, acknowledging that it's gotten too complicated, divides into five publicly traded companies.