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Diller Strikes Back at Liberty

Posted Mar 14, 08 2:09 PM CDT in Business,  Technology 

(Newser) – Barry Diller struck back at Liberty Media in court yesterday, blaming CEO Greg Maffei for driving a wedge between himself and Liberty chairman John Malone by speaking “badly about our businesses and our managers.” The warring media magnates—once close partners—have been waging a court battle for control of Diller’s IAC/InterActiveCorp. The trial concluded today.

Diller defended his proposed restructuring of IAC and his own leadership. Liberty sued over a plan to spin off various assets under a structure that would halve Liberty’s voting power. Diller had long voted for Liberty in a proxy agreement. The Delaware court judge said his ruling would come by March 28, but a settlement is possible sooner—a lawyer for IAC indicated that talks continue.

Source Wall Street Journal

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Attorney Greg Blatt, left, and IAC/Interactive chief executive Barry Diller enter the courthouse, Friday, March 14, 2008, in Wilmington, Del.   (AP Photo/Rob Carr)
IAC/Interactive Chief Executive Barry Diller talks with the media after leaving the courthouse, Thursday, March 13, 2008, in Wilmington, Del.   (AP Photo/Rob Carr)
IAC/Interactive Chief Executive Barry Diller talks with the media after leaving the courthouse, Thursday, March 13, 2008, in Wilmington, Del.   (AP Photo/Rob Carr)
IAC/Interactive Chief Executive Barry Diller leaves the courthouse, Thursday, March 13, 2008, in Wilmington, Del.   (AP Photo/Rob Carr)
Liberty Media chairman John Malone, left, and attorney Kevin Abrams, right, leave the Newcastle County Courthouse, Monday, March 10, 2008, in Wilmington, Del.   (AP Photo/Rob Carr)
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lawsuit  • settlement  • corporate governance  • court cases  • Barry Diller  • John Malone  • Liberty Media  • IAC/InterActiveCorp


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