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Barry Diller Gets Court Nod To Proceed With IAC Plan

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Msg#: 3615316 posted 1:37 pm on Mar 31, 2008 (gmt 0)

A Delaware court ruled in favor of InterActive Corp CEO Barry Diller in his legal dispute with Liberty Media's Liberty Media John Malone in a battle over who could control InterActive Corp's IAC future.

This means that Diller can go ahead with his plan to spin off four stand-alone companies: Ticketmaster, HSN Home Shopping Network, Lending tree, and its time share business, from IAC, which would retain the Internet companies like Ask.com. The very last page of the 78-page ruling says "Liberty does not have a right to contest to the proposed spin-off" --meaning Diller doesn't need Malone's permission.

Barry Diller Gets Court Nod To Proceed With IAC Plan [cnbc.com]

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