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i believe they also bought vimeo and livestream.com, and proceeded to miss the boat where Youtube took off.
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Vimeo was bought by Bending Spoons.

https://news.ycombinator.com/item?id=45197302

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That was after IAC:

"Additional acquisitions in 2006 included ShoeBuy.com,[46] which the company later sold to Jet,[47] and Connected Ventures including CollegeHumor and Vimeo".

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It takes some real skill to destroy a site with as much talent as CollegeHumor had
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