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Barry Diller

IAC to Split Into Five Companies; Ticketmaster Spun Off

Authored by Mark Hefflinger on November 5, 2007 - 8:12am.
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New York - IAC (NASD: IACI) , the media conglomerate run by Barry Diller that owns Ticketmaster, Citysearch, Ask.com and many other properties, announced on Monday a plan to split IAC into five publicly-traded companies. "We've been a complex enterprise almost from the very beginning 12 years ago, with hundreds of transactions over those years. And while we've created a lot of value, I've always believed our complexity and many mouthfuls of sentences to explain who we are and what our strategy is have hampered clarity and understanding with all our constituencies, particularly investors," said IAC chairman and CEO Barry Diller.

tags: Deals | Advertising | Google | IAC | Ticketmaster | Barry Diller | iLike | CitySearch | Match.com |

IAC Takes Majority Stake in GarageGames

Authored by Mark Hefflinger on September 18, 2007 - 7:38am.

New York - IAC (InterActiveCorp) announced on Tuesday that it has acquired a majority stake in GarageGames, an Oregon-based provider of game development tools.

tags: Games | Deals | IAC | GarageGames | Barry Diller | Investments | InstantAction.com |

Barry Diller's IAC Buys Search Engine Ask Jeeves for $1.85 Billion

Authored by Mark Hefflinger on March 21, 2005 - 10:02am.
New York -- IAC/InterActiveCorp, the company headed by Barry Diller that owns Expedia, Ticketmaster, Citysearch, Match.com and the Home Shopping Network, announced on Monday that it has agreed to acquire Internet search engine Ask Jeeves, the ninth-largest global Web property, for $1.85 billion in cash. IAC said it plans to integrate its brands into Ask Jeeves' search service, which was launched in 1996 and allows users to enter questions in plain-English as search queries. "We believe that in the future [Ask Jeeves] has the potential to become one of the great brands on the Internet and beyond, and by beyond we mean in wireless, in the search for anything on any device," said IAC chairman and CEO Barry Diller. Oakland, Calif.-based Ask Jeeves reported $261.3 million in revenue for 2004, largely resulting from its share of revenues from a paid search ad service provided by Google.
tags: Deals | Internet | IAC | Ask Jeeves | Barry Diller |

Barry Diller Sues Vivendi Universal For $620 Million

Authored by Mark Hefflinger on April 16, 2003 - 1:52am.
Paris -- Barry Diller has launched a two-front assault on media giant Vivendi Universal. Diller is suing Vivendi for $620 million for allegedly reneging on a tax bill agreement, and also has threatened to prevent the French conglomerate from selling theme park and media assets if Diller does not receive a $2-billion letter of credit to protect his investment in the companies' complex partnership. Vivendi formed a joint venture called Vivendi Universal Entertainment last year with Internet business USA Interactive, of which Diller had been chairman. Diller's lawsuit could not have come at a worse time for Vivendi, which has been struggling to get its muddled finances in order.
tags: Universal | Vivendi | Barry Diller |