Barry Diller stepped down as chief executive officer of IAC/InterActiveCorp., naming Greg Blatt as his replacement, and John Malone exchanged his holdings in IAC for two online businesses and about $220 million in cash.
Billionaire Barry Diller’s IAC/InterActiveCorp, the owner of dating website Match.com and search tool Ask.com, delivered the best returns of any Internet media company worldwide, trumping Google Inc. and Baidu Inc.
IAC/InterActiveCorp, the Internet holding company controlled by billionaire Barry Diller, plans to turn its Match dating services into a separate business with its own chairman, setting the stage for a potential spinoff.
IAC/InterActiveCorp, the owner of websites from Match.com to Newsweek/Daily Beast, rose to the highest in six months after saying its search business is overcoming the effects of a policy change by Google Inc. on search results.
IAC/InterActiveCorp, owner of websites such as About.com and Match.com, slid the most in five years after reporting third-quarter sales that missed analyst estimates on lower-than-forecast search-advertising revenue.
Barry Diller , the billionaire chairman of IAC/InterActiveCorp , said it was “a failure” on his part not to find more ways to invest the company’s cash when he was serving as IAC’s chief executive officer.
IAC/InterActiveCorp, owner of websites such as About.com and Match.com, slid the most in a year after reporting third-quarter sales that missed analyst estimates on lower-than-forecast search-advertising revenue.