Judge Stalls IAC Breakup Plan

Schachter, Ken
February 2008
Red Herring;2/14/2008, p6
Trade Publication
The article reports on the decision of Delaware Chancery Judge Stephen Lamb to curb plans by IAC/InterActiveCorp to move ahead with a break-up into five publicly traded pieces. Lamb has ordered IAC directors to freeze any plans to give raises to top executives and give shareholder liberty Media at least five days' warning before making any major strategic moves, Bloomberg reported. Chief executive Barry Diller's breakup plan calls for a core IAC to remain after the spin-off of several business units, such as Ticketmaster.


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