NEW YORK— USA Interactive has completed the acquisition of Interval International via its holding company, Interval Acquisition Corp., from Willis Stein & Partners, a Chicago-based private equity investment firm, and other investors in in an all-cash transaction. Miami-based Interval provides timeshare exchange and other value-added programs to its timeshare-owner consumer members and resort developers. USA portfolio includes controlling interests in Ticketmaster, which operates Match.com and Citysearch; Expedia, Inc.; as well as TV Travel Group and the forthcoming U.S. cable travel network. In conjunction with the closing of the Interval transaction, USA is considering the issuance of debt that would effectively finance a portion or all of the transaction, subject to market conditions, pricing and other factors.
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