(Reuters) - The shares of Barry Diller's IAC/InterActive Corp rose as much as 3 percent to $70.34 on Friday after it increased its stake in the popular dating app, Tinder, according to a Bloomberg report. IAC bought another 10 percent of Tinder for $500 million from investor Chamath Palihapitiya, Bloomberg reported, adding that Tinder was now valued at $5 billion. IAC Chief Executive Sam Yagan confirmed the transaction to Forbes, but said the valuation of $5 billion was "nowhere near the truth." Palihapitiya tweeted on Friday: "My Tinder sale for $500M is inaccurate. ...
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