TITLE

IAC: No Offers for Ask.com

AUTHOR(S)
Schachter, Ken
PUB. DATE
November 2008
SOURCE
Red Herring;11/5/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that IAC, the parent of Ask.com, has received no offers for the search engine, according to chief executive Barry Diller. Diller said that the company had received no offers for the business and has no desire to sell the business, the primary driver of the media and advertising unit of IAC, which accounts for more than half of all revenue. Diller adds that the company would be extremely disciplined in assessing acquisitions and would seek to move its cash horde to shareholders.
ACCESSION #
36586113

 

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