IAC, Liberty Make Peace Over Spin-Offs

Media bosses Malone and Diller finally bury the hatchet
By Rob Quinn,  Newser Staff
Posted May 14, 2008 8:48 AM CDT
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)
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(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.