IAC/Interactive Sells ReserveAmerica to Active Network

IAC/Interactive (IACI) today announced a deal to sell ReserveAmerica, its campground reservation service, to the participatory sports site The Active Network in a stock deal. Terms of the deal call for IACI to receive about 3.5 million convertible preferred shares in the privately held company.

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Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

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