Article: USA Interactive to Acquire uDate.com, Inc.

Business Editors/High-Tech Writers

NEW YORK, NY--(BUSINESS WIRE)--December 19, 2002

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USA Interactive (Nasdaq: USAI) today entered into an agreement to acquire uDate.com, Inc. (OTC BB:UDAT), a global online personals group based in Derby, England, which provides dating and matchmaking services through www.udate.com and www.kiss.com, for approximately $150 million in USA common stock (subject to various adjustments). For the nine months ended September 30, 2002, uDate reported revenue of $29.2 million, representing growth of 135.6% over the same period in 2001. USA expects the acquisition of uDate to be ...

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