9 Stories

Barry Diller's IAC Grabs About.com for $300M

New York Times Company to unload business it bought for $400M

(Newser) - The New York Times Company is shedding About.com and its sister sites, and they're being snapped up by Barry Diller's IAC. The Times Company had earlier considered a $275 million bid by Answers.com, but will instead sell the About network to IAC for some $300 million... More »

Match.com Hooks Up With OkCupid

Match.com pays $50M for its free-service rival

(Newser) - Match.com has bought rival OkCupid for $50 million, consolidating its hold on the online dating market, Mashable reports. The acquisition provides Match.com—a high-end service that charges its 5.8 million users—with access to lots of new customers. OkCupid is a mostly free site with 3.5... More »

Barry Diller Steps Down as IAC CEO

IAC cuts ties with Liberty Media

(Newser) - Barry Diller stepped down as CEO of his IAC media empire today, but he will stay on as chairman, he announced in a press release. Greg Blatt, former CEO of Match.com, replaces Diller; Diller will retain the largest voting share in the company, which he can increase from 34%... More »

IAC, Liberty Make Peace Over Spin-Offs

Media bosses Malone and Diller finally bury the hatchet

(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... More »

IAC Plans Wave of Web Startups

African-American search engine launches today

(Newser) - IAC/Interactive Corp plans to launch a host of new websites as it readies to split off some of its older ones into separate companies, the Wall Street Journal reports. RushmoreDrive.com, a search engine aimed at the black community, goes live today. Other startups, including a news site, a personal... More »

Diller On Top in Liberty/IAC Ruling

Judge rules IAC chief can proceed with spin-off plans against Malone's wishes

(Newser) - 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... More »

Diller Strikes Back at Liberty

IAC chairman defends his leadership as media barons' court battle concludes

(Newser) - 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... More »

Malone Testifies Against Diller in IAC Battle

Mogul insists that company restructuring would be breach of faith

(Newser) - 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... More »

IAC Numbers Plummet; War for Control Drags On

Bad quarter adds to Diller v. Malone woes

(Newser) - 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,... More »

9 Stories