IAC, Liberty Make Peace Over Spin-Offs

Media bosses Malone and Diller finally bury the hatchet
By Rob Quinn,  Newser Staff
Posted May 14, 2008 8:48 AM CDT
IAC, Liberty Make Peace Over Spin-Offs
IAC/Interactive Chief Executive Barry Diller talks with the media after leaving the courthouse, Thursday, March 13, 2008, in Wilmington, Del. Diller is testifying in Chancery Court in a lawsuit challenging his plan to break up the media conglomerate.    (AP Photo/Rob Carr)

The months-long feud between media barons John Malone and Barry Diller over IAC spin-offs has ended amicably, the Wall Street Journal reports. Malone's Liberty Media, the majority shareholder in IAC, will drop its opposition to Diller's plans to divide IAC/Interactive Corp into five separate entities. Liberty will have the right to nominate up to 20% of the directors in the new companies. (More Barry Diller stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X