USAi Buying Time-Share Firm

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Barry Diller's USA Interactive, on an acknowledged hunt for acquisitions,
said Friday that it agreed to buy time-share-services provider Interval
International for about $578 million in cash and stock.

USAi, which owns HSN, said the deal would boost its 2003 cash flow and cash
earnings per share.

USAi expects $220 million of revenue and $60 million of cash flow from
Miami-based Interval in 2003.

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