Shares in IAC InterActive, run by media veteran Barry Diller, rose more than 9 percent Thursday after the company was divided into four publicly traded entities and IAC announced a one-for-two reverse stock split.
Liberty Media and IAC/InterActiveCorp resolved their legal dispute over IAC's proposed restructuring, paving the way for a spinoff of four IAC units
Late Friday, a Delaware judge ruled in favor of IAC/InterActiveCorp Chief Executive Barry Diller over Liberty Media's John Malone, in their battle over who controls IAC. But it's no guarantee of what happens next...
A Delaware court ruled in favor of IAC/InterActiveCorp chief Barry Diller on Friday in a legal dispute with controlling shareholder Liberty Media, paving the way for him to proceed with a proposed spin-off of four company units.
Within the next two weeks either InterActive Corp CEO Barry Diller or Liberty Media Corp chief will be celebrating a legal victory in their ongoing battle with each other. Today the Delaware Chancery Court judge hearing the trial said that before March 28 he'd rule on whether Barry Diller's proposed breakup of IAC into five independent companies violated his contract...
John Malone, Chairman of Liberty Media and Barry Diller, Chariman and CEO of Interactive Corp are both powerful billionaires who are used to getting their way. They've been close business partners until just recently. Now Malone is trying to get Diller ousted from his very own company.
Fake Jane was complaining to Fake Mary Thompson about the usual things--men, job, life, looks, age, money, collagen. Fake Mary ("FM") decided to lighten things up and told Fake Jane to stop acting like a self-loathing diva.
IAC/InterActive Corp reported its second quarter earnings today and net income was up 78%, but Wall Street wasn't impressed -- the jump was thanks solely to divestiture and lower acquisition costs. Looking only at continuing operations (excluding stock compensation and those divestiture costs), the quarter's earnings were 31 cents, a penny less than the year-ago quarter, and two cents less than the analyst consensus. Revenues grew six percent, less than analysts expected.
Expedia, the online travel agency controlled by Barry Diller, said it is cutting its plan to buy back its own shares by almost 80 percent, blaming a lack of attractive financing available in credit markets.