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.
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.
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 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.
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.
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.
Media executives gather at Allen & Co.’s Sun Valley conference this week looking to shed assets such as the Hulu LLC video website and G4 game channel amid a declining global stock market and slowing economic growth.