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Social Media: Mindspark Interactive Buys Majority Stake In DailyBurn

May 21, 2010 (FinancialWire) — Mindspark Interactive Network, Inc., an operating business of IAC (NASDAQ: IACI), said that it has acquired a majority stake in DailyBurn.com, a diet and fitness tracking website and creator of the DailyBurn FoodScanner application for Apple’s (NASDAQ: AAPL) iPhone.

DailyBurn.com includes a set of interactive diet and fitness tools. The alliance with DailyBurn marks Mindspark's entry into the health and fitness category with a product that the company said will complement Mindspark's range of social and interactive properties including Zwinky, a teen community site and the e-card site MyFunCards, among others.

Terms of the deal have not been disclosed.

New York-based IAC operates more than 50 internet businesses across 30 countries.

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