IAC to take on cable, satellite operators with video streaming service

Barry Diller‘s IAC/Interactive, a collection of Internet companies that includes dating site Match.com and the Daily Beast news site, on May 2 acquired VHX, whose technology provides back-end services for content owners offering video via subscription. IAC is combining VHX with Vimeo, its own service for content creators to show videos to a streaming audience that IAC estimates at 280 million users. – Ronald Grover, TheStreet