IAC just bought a majority stake in Connected Ventures, which owns Vimeo, College Humor, Busted Tees, and most importantly, BigShocker.
While I hope that all of these sites continue to grow and develop, I hope IAC lets Zack, Jakob, Josh and Ricky loose on some of their other properties, too, because then these really becomes a fantastic deal. All of these big media companies are buying up these cool social sites, but until the DNA of these sites gets spliced with the rest of the company, they'll just be purely financial acquisitions, which would miss a big opportunities.
Way to go! Another NYC startup company hits it big.