Msg#: 3496883 posted 12:15 pm on Nov 6, 2007 (gmt 0)
Interesting change. They had assembled a wide ranging hodge podge of companies with very few synergies amongst them.
The most interesting aspect of this change is that it will create much more focus for ASK and the other elements of the internet unit -- which will retain nearly all of the cash held by IAC, and will be run by Diller.
Msg#: 3496883 posted 1:55 pm on Nov 6, 2007 (gmt 0)
ticketmaster has exclusive ticketing agreements with nearly every major and a huge majority of minor venues in the united states. this means iac gets $5-10 each for perhaps 95% of all sporting and entertainment tickets sold here. as the federal reserve bankers know, monopolies and taxation are a great model for running a profitable business...