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Primal Ventures, IAC's corporate venture arm, is "gearing up to launch a new child-oriented portal and interactive entertainment company," according to a job listing on DevBistro. Sounds like Barry Diller & Co. are developing a virtual world targeted to children, joining Viacom, Disney, Warner Bros., and just about every other media company on the planet in following the trend started by Webkinz and Club Penguin. Imagine that: An unoriginal, me-too Internet project, coming late to the party, from Barry Diller. (Photo by Getty Images)