Barry Diller, IAC’s chief executive, said Wednesday that he’s not interested in acquiring AOL after the Internet business is spun off from its parent company, Time Warner.
“I have no interest in purchasing AOL, but there are kinds of alliances that are possible for us,” Diller said at an investor conference in New York. “Those maybe will happen, or maybe they won’t happen.”
It was a week after the annual Allen & Co. mediafest, and Barry Diller, the fabled former Hollywood mogul and chairman of IAC/InterActiveCorp, was eager to chat.
Drippy Manhattan evenings aren’t usually a draw for an outdoor cocktail party but the FoundersClub NYC Internet Week soiree had something that overcomes a little rain: power.
Why has John Malone been dumping shares of IAC/InterActiveCorp in the past two weeks?
Liberty Media Corp., the company controlled by cable industry pioneer Mr. Malone–and incidentally the majority shareholder in IAC–has in recent weeks sold roughly $17.5 million worth of IAC stock.
The recent sales raise questions about whether Mr. Malone is losing confidence in his IAC investment.
Trading began yesterday on a when-issued basis on the four IAC/Interactive (IACI) spinoff companies, as well as the new post-reverse-split, post-spin shares of IAC. With relatively thin dealings, volatility in the shares is high.
Former Vanity Fair and New Yorker editor Tina Brown has more than her much-ballyhooed bio of Bill and Hillary Clinton coming down the pipeline: Radar has learned that the erstwhile “Queen of Buzz” is partnering with InterActiveCorp (IACI) honcho Barry Diller to launch her own news aggregator Web site.
Now that Barry Diller has won his court case against John Malone, he’s free to break up IAC into 5 pieces. The problem: Convincing investors that those pieces are worth more than the sum of their parts.
Unless you’re an employee of IAC, you’re probably reading this here first. … We’ve obtained an emailed memo from IAC chairman and CEO Barry Diller to his staff that went out around midnight Eastern as he prepares to fight John Malone’s Liberty Media in a Delaware court for control of the company he founded.
On far West 18th Street–past the housing projects and the parking lots and the auto-body shops, where the High Line is home not to condos but homeless people–the new, $100 million international headquarters of Barry Diller’s company, InterActiveCorp, rises like an undulating, reflective space station.
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