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November 22, 2008 4:58:16 CST



IAC, Liberty Make Peace Over Spin-Offs

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

(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

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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)
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