Tinder-owner IAC hires top dealmaker Schiffman as CFO

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April 7, 2016 7:38 AM EDT

Barry Diller, Chairman and Senior Executive of IAC/InterActiveCorp and Expedia, Inc., rides a bike during the first day of the annual Allen and Co. media conference in Sun Valley, Idaho July 8, 2015. REUTERS/Mike Blake

(Reuters) - Barry Diller's IAC/InterActiveCorp, which owns popular dating app Tinder, said it hired ex-Lehman Brothers investment banker Glenn Schiffman as its Chief Financial Officer.

A veteran dealmaker in the media and entertainment industries, Schiffman has advised several global clients during a 25-year career and was most recently senior managing director at Guggenheim Securities, the company said.

He succeeds Jeff Kip, who resigned in June last year.

IAC has been reported as a potential buyer for struggling Internet pioneer Yahoo's core businesses that include news, email and search sites.

New York-based IAC owns Investopedia, video-sharing website Vimeo, as well as dating websites OkCupid and Match.com through its Match Group Inc subsidiary.

(Reporting by Sai Sachin R in Bengaluru; Editing by Anil D'Silva)


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