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IAC/InterActiveCorp says no plan to bid for CupidUS-IAC-CUPID:IAC/InterActiveCorp says no plan to bid for Cupid
LONDON (Reuters) - IAC/InterActiveCorp <IACI.O>, a U.S.-based holding company for search, dating and media websites, said on Tuesday it had no plans to bid for UK-listed online dating firm Cupid <CUP.L>.
The response follows market rumors in recent weeks that it could be preparing to make a bid of around 250 million pounds ($402.4 million).
"IAC/InterActiveCorp is not considering a bid for Cupid," a spokeswoman for the U.S. firm told Reuters. ($1 = 0.6213 British pounds)
(Reporting by Simon Jessop and Atul Prakash, editing by Nigel Stephenson)
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