Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Diller's IAC to Split Into Five Companies

HSN, Ticketmaster, Interval International, LendingTree spin off

By Nick McMaster,  Newser Staff

Posted Nov 5, 2007 1:27 PM CST
Email

(Newser) – Barry Diller's InterActiveCorp will split into five separately traded companies, their board announced today.  Former IAC components Home Shopping Network, Ticketmaster, vacation site Interval International, and online real estate site LendingTree will all become separate firms under those names. CNN Money reports that the remaining pieces of IAC will be search engine Ask.com, Citysearch, Evite, and Zwinky.

The split should invigorate investors who've recently given IAC the cold shoulder for being too complex, with shares falling 20% year-to-date. It should also end jockeying between Diller and John Malone, whose Liberty Media owns a big stake in IAC, over entities like HSN, now that it can be traded independently. Current IAC shareholders will own 100% of the new companies' stock.

  (ask.com)
InterActiveCorp's Barry Diller rides his bicycle at the annual Allen and Co.'s media conference in this July 12, 2007 file photo, in Sun Valley, Idaho. (AP Photo/Douglas C. Pizac, file)
InterActiveCorp's Barry Diller rides his bicycle at the annual Allen and Co.'s media conference in this July 12, 2007 file photo, in Sun Valley, Idaho. (AP Photo/Douglas C. Pizac, file)   (Associated Press)
IAC/InterActiveCorp. CEO Barry Diller is interviewed in his office at the company headquarters in New York in this June 27, 2005 file photo. (AP Photo/Gregory Bull, file)
IAC/InterActiveCorp. CEO Barry Diller is interviewed in his office at the company headquarters in New York in this June 27, 2005 file photo. (AP Photo/Gregory Bull, file)   (Associated Press)
  (Home Shopping Network)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

Diller hopes to revitalize IAC with split
Bloomberg

The 'new' IAC's Ask.com has inked a $3.5B ad agreement with Google
Trading Markets

The break-up will hopefully prevent this kind of Diller/Malone sparring
Associated Press

 
Ticketmaster • InterActiveCorp • John Malone • Barry Diller • Expedia • Liberty Media • Ask.com

More Newser Stories

IAC, Liberty Make Peace Over Spin-Offs

Diller's Trials Far From Over After IAC Verdict

Diller On Top in Liberty/IAC Ruling

Media Moguls' 'Marriage' On the Rocks

Barry Diller Steps Down as IAC CEO
NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne