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.