Skip to: Content
Skip to: Site Navigation
Skip to: Search

July 5, 2008 5:54:35 PM CDT

Learn about Newser Points »

Back to the grid

IAC, Liberty Make Peace Over Spin-Offs

Posted May 14, 08 8:48 AM CDT in Technology,  Business    Most Covered

(Newser) – The months-long feud between media barons John Malone and Barry Diller over IAC spin-offs has ended amicably, the Wall Street Journal reports. Malone's Liberty Media, the majority shareholder in IAC, will drop its opposition to Diller's plans to divide IAC/Interactive Corp into five separate entities. Liberty will have the right to nominate up to 20% of the directors in the new companies.

Source Wall Street Journal

Editor Recommended

Related News

  • Diller's Trials Far From Over After IAC Verdict

    Mar 31, 08 10:19 AM CDT
    Diller's Trials Far From Over After IAC Verdict Barry Diller might have won control over e-commerce company IAC/InterActiveCorp from rival John Malone in court Friday, but the CEO’s real trials have just begun. With the economy tanking and credit markets tightening, Diller’s plan to break up IAC into five “baby Barrys”—including Ticketmaster and the Home Shopping Network—might be tough to pull off, the Wall Street Journal reports. More »

  • Diller On Top in Liberty/IAC Ruling

    Mar 28, 08 8:03 PM CDT
    Diller On Top in Liberty/IAC Ruling Barry Diller took round one today in his feud with fellow billionaire John Malone: A Delaware judge ruled that Malone can’t force Diller out of Interactive Corp. for trying to break up the company, Bloomberg reports. The ruling prevents Malone's Liberty Media from seizing control; Liberty has a minority stake in IAC but, by prior agreement with Liberty, Diller votes Liberty's shares, Bloomberg reports. More »

  • Diller Strikes Back at Liberty

    Mar 14, 08 2:09 PM CDT
    Diller Strikes Back at Liberty 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. More »

  • Malone Testifies Against Diller in IAC Battle

    Mar 10, 08 5:08 PM CDT
    Malone Testifies Against Diller in IAC Battle John Malone has launched the first volley in his court battle with fellow media baron Barry Diller over control of IAC/InterActiveCorp. Malone testified today that the proposed restructuring of IAC breaks a longstanding agreement between the two, the Wall Street Journal reports. "It's a breach of the stewardship that we granted him when we started this whole relationship,'' said Malone. More »

  • IAC Numbers Plummet; War for Control Drags On

    Feb 7, 08 12:34 PM CST
    IAC Numbers Plummet; War for Control Drags On The headlines being generated from the ongoing battle for control of IAC/InterActiveCorp between John Malone and Barry Diller took a backseat—briefly--yesterday as the company announced horrific fourth quarter numbers, taking a loss of nearly $370 million after being sideswiped by the subprime mortgage meltdown through its ownership of LendingTree, reports the Wall Street Journal. More »

IAC/Interactive Chief Executive Barry Diller talks with the media after leaving the courthouse, Thursday, March 13, 2008, in Wilmington, Del. Diller is testifying in Chancery Court in a lawsuit challenging...   (AP Photo/Rob Carr)
Liberty Media chairman John Malone leaves the Newcastle County Courthouse, Monday, March 10, 2008, in Wilmington, Del.   (AP Photo/Rob Carr)
IAC/Interactive CEO Barry Diller talks with reporters after leaving the courthouse in this March 13, 2008, file photo in Wilmington, Del.   (AP Photo/Rob Carr, file)
prev    next
play

Threads (1 of 1)

Tags

Barry Diller  • John Malone  • Liberty Media  • Ticketmaster  • IAC/InterActiveCorp  • restructuring  • media conglomerates


Loading...

Loading...

Related Thread: CEOs Redeemed

Next story from this section »

Today's Most Popular


Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »