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IAC to separate into five publicly traded companies

4:57 pm on Nov 5, 2007 (gmt 0)

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NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- IAC (Nasdaq: IACI - News) announced today that its Board of Directors has approved a plan to separate IAC into five publicly traded companies:

[biz.yahoo.com ]

6:09 pm on Nov 5, 2007 (gmt 0)

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sorry but 5 publicly traded companies is too many. They aren't enough brands to justify 5 of them IMO.
12:15 pm on Nov 6, 2007 (gmt 0)

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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.

1:55 pm on Nov 6, 2007 (gmt 0)


WebmasterWorld Administrator phranque is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

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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...