FOR IMMEDIATE RELEASE

                                   [IAC LOGO]


                    IAC COMPLETES ACQUISITION OF LENDINGTREE

NEW YORK, NY - AUGUST 8, 2003 - IAC/InterActiveCorp (Nasdaq: IACI) today
announced the successful completion of its acquisition of LendingTree, Inc.
through the merger of a subsidiary of IAC with and into LendingTree.
LendingTree, the leading online lending and real estate exchange, will continue
operations as an operating business of IAC. This acquisition became effective as
of the close of market today.

 As a result of the acquisition, LendingTree shareholders will receive 0.6199 of
a share of IAC common stock for each share of LendingTree common stock they
owned and options to purchase LendingTree common stock were converted into
options to purchase shares of IAC common stock. Holders of LendingTree preferred
stock will receive shares of common stock of IAC on an as-converted basis in
exchange for their preferred shares. In this transaction, IAC will issue to
LendingTree shareholders approximately 18.8 basic shares and 21.1 shares on a
fully diluted, treasury method basis.

Shares of LendingTree common stock, which prior to the merger traded on the
Nasdaq National Market under the symbol "TREE," were delisted from trading as of
the close of the market on Friday, August 8, 2003.

ABOUT LENDINGTREE, INC.
_______________________
Founded in 1996, LendingTree is the leading online lending Exchange that
connects consumers, Lenders, REALTORS(R), and related service providers. The
LendingTree Exchange is made up of more than 200 banks, lenders, and brokers
(Lenders) and has facilitated more than $55 billion in closed loans since
inception. More than 10 million consumers have accessed the LendingTree Exchange
through the Company's site at www.lendingtree.com and through online and offline
partners. Loans available via the LendingTree Exchange include home mortgage,
home equity, automobile, personal, debt consolidation, and credit cards.
LendingTree is the No. 1 brand in the online lending market for consumers, with
67 percent national awareness. The LendingTree Lend-X technology has been cited
as 'the platform of choice'(a) for online lending and has been adopted by
industry leaders to power their online lending initiatives. The LendingTree
Realty Services offering connects consumers to a nationwide network of
approximately 9,000 REALTORS(R). LendingTree's services and products are
specifically designed to empower consumers, Lenders, and related service
providers throughout the lending process, delivering convenience, choice, and
excellent value.



(a) Resuscitating Mortgage Lending. Forrester Research, March 2001

REALTOR(R) -- A registered collective membership mark that identifies a real
estate professional who is a member of the National Association of REALTORS(R)
and subscribes to its strict Code of Ethics.






ABOUT IAC/INTERACTIVECORP
_________________________
IAC/InterActiveCorp (Nasdaq: IACI), formerly USA Interactive, is comprised of
the following operating businesses: Expedia, Inc., which oversees Interval
International and TV Travel Shop; Hotels.com; HSN; Ticketmaster, which oversees
Evite and ReserveAmerica; Match.com, which oversees uDate.com; Entertainment
Publications; Citysearch; Precision Response Corporation; and LendingTree. The
goal of IAC is to be the world's largest and most profitable interactive
commerce company by pursuing a multi-brand strategy.

CONTACTS:
_________
Deborah Roth, IAC Corporate Communications, 212/314-7254
Roger Clark/Lauren Rosenfield, IAC Investor Relations, 212/314-7400
Mindy Neubauer, LendingTree Corporate Communications, 704/944-8541