January 25, 2008 |
IAC/InterActiveCorp and its chief executive, Barry Diller, have sued IAC's controlling shareholder, Liberty Media Corp., in a dispute that threatens the Internet conglomerate's plans to spin off four units. In their lawsuit, IAC and Diller asked the Delaware Chancery Court on Wednesday to rule that the spinoff could go forward as unanimously approved by IAC's board, which includes Liberty Media Chairman John Malone.
November 6, 2007 |
IAC/InterActiveCorp, the Internet conglomerate run by Barry Diller, said Monday that it would break itself into five publicly traded businesses -- an indication that the media mogul's plan to build a multimedia empire has failed. The announcement drove IAC's shares up more than 7%, as Diller explained the split would mean the independent businesses would answer more directly to shareholders rather than being shielded by IAC.
December 4, 2006 |
Forget the butler. Ask.com is playing concierge. The search engine, previously known as Ask Jeeves, today is launching a service to connect Web surfers with local business listings, movie times, events and digital maps. What separates AskCity from rival local search engines, analysts say, is the depth of information it's able to draw on from its corporate parent, IAC/InterActiveCorp.
November 1, 2006 |
IAC/InterActiveCorp, the Internet conglomerate run by Barry Diller, said third-quarter profit rose, helped by higher operating income from its retail segment and strong revenue growth from its Ticketmaster business. Growth in online search and dating services also helped boost results past analyst expectations, offsetting a weak performance at its key Home Shopping Network and declines at mortgage business LendingTree.com. Shares of the company rose $1.16, or 3.9%, to $30.98.
September 1, 2005 |
IAC/InterActiveCorp, the television and Internet services company owned by Barry Diller, plans to enter the real estate brokerage business next year to expand beyond offering property and mortgage listings on websites. The New York-based company's RealEstate.com business will open brokerage offices in the Pacific Northwest in the first half of 2006, RealEstate.com spokeswoman Mindy Duquette said.