IAC's Diller: No Spree With $1.3B

Schachter, Ken
September 2008
Red Herring;9/17/2008, p4
Trade Publication
The article reports that Internet company IAC has no plans to go on a buying binge with its $1.3 cash cushion, according to Chief Executive Barry Diller. At the 2008 Goldman Sachs Communacopia XVII Conference in New York, Diller said the cash is unlikely to be used in a mergers and acquisitions (M&A) strategy. He pointed out a model for IAC's future M&A strategy. He also revealed that there is a plant to sell IAC's 30 percent stake in Japanese shopping network Jupiter Shop Chennel.


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