Barry Diller is considering funding a $30 million gondola that would transport tourists to the Hollywood sign, Variety reports.
"There was no other candidate that the Board considered," said Expedia Chairman Barry Diller.
Expedia shares were down more than 4 percent on Monday.
Politics is a big topic at the annual Allen & Co. conference, with Jared Kushner and Ivanka Trump attending the event for the first time.
Media execs like IAC's Barry Diller and former Disney CEO Michael Eisner think a new wave of media consolidation is likely.
Chelsea Clinton serves on corporate boards with Diller.
For years, business leaders have complained about government being too slow or unfriendly to business.
Now that voters who wanted change got what they wanted, the media executive says "bring it on."
Barry Diller, InterActive Corp. chairman, speaks to CNBC's Julia Boorstin, about Donald Trump's presidency, and how it will impact businesses.
The deal could be "well north" of $90 a share, sources say.
Barry Diller, IAC Chairman, speaks to CNBC's Jon Fortt about media mergers like AT&T and Time Warner, and the demise of Aereo.
The IAC chairman warned it would "hogwash" to buy Twitter for its potential to connect to existing business.
Attendees at the this year's Allen & Co. conference in Sun Valley, Idaho, will have no shortage of topics to discuss.
Business leaders will find ways to work with Donald Trump if he becomes president, two experts say.
CEO checklist for President of the United States
Media mogul Barry Diller had some harsh words about Donald Trump.
Yahoo might sell its hallmark services — but would it find a bidder?
Online dating has failed to produce returns for public market investors. Match Group is out to prove mone can be made.
The owner of Tinder, Match.com and OkCupid hopes to raise as much as $466.2 million in an initial public offering of company shares.
CNBC's Jim Cramer explains why Expedia's acquisition of HomeAway is a good fit in a sharing economy.