TITLE

Diller: IAC Stock Swap with Liberty 'Unlikely'

AUTHOR(S)
Schachter, Ken
PUB. DATE
April 2008
SOURCE
Red Herring;4/30/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that IAC/InterActiveCorp Chief Executive Officer (CEO) Barry Diller has denied the rumored swap transaction with majority shareholder Liberty Media. Diller said that the swap will not take place as part of plans to split IAC into five separate companies. Diller also discounted the possibility of a pre-spinoff deal involving private equity firms. Information is presented on the decline in earnings per share of IAC. Liberty Media owns about 30 percent of IAC.
ACCESSION #
36835007

 

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