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IAC, Liberty Make Peace Over Spin-Offs
Media bosses Malone and Diller finally bury the hatchet
By Rob Quinn
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Posted May 14, 08 8:48 AM CDT
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(Newser)
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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.