TITLE

For Diller, Breaking Up Could Be Hard to Do

AUTHOR(S)
Schachter, Ken
PUB. DATE
March 2008
SOURCE
Red Herring;3/31/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that a Delaware Chancery Court has ruled that Barry Diller, chairman and chief executive officer (CEO) of IAC/InterActiveCorp., has the right to pursue a five-way split of the company that will do away with the current two-class stockholding structure. The split was opposed by billionaire investor John Malone who has a 30 percent economic interest in the firm. It relates the stock trading performance of IAC and Liberty Media, Malone's holding company. It outlines the spinoffs planned by Diller to get a stronger valuation.
ACCESSION #
36876277

 

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