(Reuters) – Shares of Barry Dillers IAC/InterActive Corp rose as much as 3.2 percent to $70.57 on Friday after it increased its stake in the popular dating app Tinder, according to a Bloomberg report. IAC bought another 10 percent of Tinder for $500 million, valuing the company at $5 billion, the report said. It added that IACs market capitalization is about $5.6 billion. A representative from IAC did not immediately respond to a request for comment.
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