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Diller delays IAC breakup plans

By Mark Albright, Times Staff Writer
Posted: May 01, 2008 07:44 PM


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Barry Diller has delayed the breakup of his IAC/InterActiveCorp into five pieces until late summer, citing financial market turmoil and a weak first-quarter performance by some of the parts of his empire. That includes St. Petersburg-based HSN, which Diller envisions standing on its own again as a public company. Diller is still talking with Liberty Media Corp., HSN's biggest shareholder, about taking over, but said a deal was "very unlikely." He nixed selling to a private-equity group because he wants top management of each unit to have a chance to chart their own course.



[Last modified: May 01, 2008 07:44 PM]



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