IAC Breaks Up

InterActiveCorp, the internet conglomerate assembled by Barry Diller, is breaking up into five seperate companies following pressure Diller’s backer, John Malone. Barry Diller is following the most important piece, the new IAC, which will be mostly the Ask.com corporation, meaning Ask.com, as important as it was before, becomes the central focus for the company, great news for Ask fans going forward.
The IAC unit will basically be Ask.com, plus Citysearch and Match.com. Being spun off are HSN (Home Shopping Network), LendingTree, TIcketMaster and Interval International (a vacation time share business). Shareholders are happy, sending the stock up 7.5%, since they’ll get shares in the four new spun-off companies. The new company will be far less complex than the old IAC, with the focus being understandably on Ask and search, and if you ask me, that’s a very smart move.
Valleywag is of the opinion that the news that […]

Original post by Nathan Weinberg